Atlanto-Scandian herring value doubles – Fishupdate.com

Atlanto-Scandian herring value doubles Published:  22 September, 2005

RETURNS from the Atlanto-Scandian herring fishery looks set to soar, with an estimated export value of close to 66 million EUR. The species is set to particularily benefit Icelandic producers, according to Fiskifréttir.There is still a substantial slice of the quota still to be caught this year. IF this is netted and processed for human consumption, the export value could top 80 million EUR.Catch values for Atlanto-Scandian herring have doubled each year, from 29 million EUR last year to 58 million so far this year and according to Fiskifréttir’s figures, the FOB export value of what has been caught so far this year could come to 63 million EUR.Of the catches so far, processing vessels have taken around 90,000 tonnes, accounting for an estimated 53 million EUR in export value for their products.In 2003 the Icelandic fleet caught 118,000 tonnes of Atlanto-Scandian herring, with an export value of 25 million EUR. In 2004, 103,000 tonnes were caught, valued at 29 million EUR. If the full quota is caught this year, the catch value can be expected to have risen by 160% from one year to the next.

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