Norway at centre of mackerel price cut speculation – Fishupdate.com

Norway at centre of mackerel price cut speculation Published:  22 September, 2006

THE economic uncertainties surrounding

the forthcoming mackerel fishery worsened

today amid speculation that Norway is

dropping the minimum price for mackerel by

nearly 50% in a bid to end trading

resistance from key markets in Russia and Japan.

It is already known that efforts to drop the price for the

autumn fishery have been going on in Japan and Russia,

bolstered in part by greater domestic availability in Japan.

The high volume pelagic fishery is a key earner for the Norwegian and Scottish seafood sectors alike and any devaluing of what has been a steadily more lucrative fishery is potentially a serious blow, particularly for a catching sector which has invested heavily in state-of-the-art catching power.

However, it is also an indication of the economic muscle now

being flexed in key market areas.

The autumn mackerel fishery has already been described as facing major uncertainties of a kind not seen for years.

Formal negotiations between Scottish and UK suppliers and their main market outlets in Japan and Russia have not started.

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