Cod outstrips all other whitefish in earning potential – Fishupdate.com

Cod outstrips all other whitefish in earning potential Published:  10 September, 2012

COD is the UK fish species which has shown the biggest increase, in the past five years leaping by 25 per cent. The figures are contained in the latest UK Sea Fisheries Statistics which give a comprehensive overview of landings and their value since 2007.

Most fish types have increased in value during that period, the result of higher demand and strict quota enforcement, but among the popular species it is cod that stands out from the rest.

Landings in British ports in 2007 totalled 12,800 tons (not to be confused with imported supplies from the likes of Iceland and Norway) compared with 12,700 tons last year. But the value five years ago was £21.7-million compared to £27.5 million in 2011 – an increase of 25 per cent on more or less the same tonnage.

In contrast,haddock prices remained reasonably stable over the period. Landings in 2007 were 32,300 tons compared with 28,300 tons last year, largely due to smaller quotas. The value in 2007 was £39.9 million compared to £34.6 million last year.

The continuing popularity of monkfish, especially in high class seafood restaurants, continues to be reflected in higher prices. Landings of monk and anglerfish in 2007 totalled 13,800 tons, but fell to 11,800 tons last year. The value over the period, however, went up from £34.1 million to £39.5 million.Equally, the UK shellfish continues to go from strength to strength with East Coast ports such as Bridlington continuing to lead the way.

Tonnages increased from 140,500 tons in 2007 to 151,300 tons last year. The value over the period went from £268.2 million to £279.9 million, much of it earned as export revenue.