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Herring Value Drop Leads Decline in Icelandic Catch Value

Sustainability Economics Politics +4 more

ICELAND - Total value of catch of Icelandic vessels amounted to 76.9 billion ISK in January-June 2013, compared with 81.2 billion ISK in the first six months of 2012.

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Total value decreased therefore by 5.3 per cent between years, reports Statistics Iceland.

Total value of demersal species accounted for ISK 48.3 billion; thereof cod ISK 24.7 billion, haddock 6.3 billion, and redfish 7 billion.

Total value of pelagic species accounted for ISK 20 billion and flatfish catches for 5 billion.

Big value declines were seen in flatfish catches, which are down 23 per cent from last year and miscellaneous catches - down 51.2 per cent.

Value of cod was down 9.1 per cent, whilst haddock fared even worse with value down 14.2 per cent.

Herring saw the biggest value decline of a huge 83.8 per cent.

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