Steady exports from Faroes – Fishupdate.com

Steady exports from Faroes Published:  10 October, 2006

Exports of saith have increased

THE Faroese Statistics bureau has released figures for seafood exports over the first seven months of the year, worth a total of 250 million Euros: a similar figure for the same period of 2005.

Exports of salmon, trout, shrimp and cod fell, but at the same time, exports of saithe and fishmeal increased, as well as exports of blue whiting, monkfish, ling and tusk.

Export values have fallen steadily since 2000 and the first seven months of this year were worth 5.9 million less than the same months in the peak year of 2001, reported InterSeafood. The reasons for the reduction in export values can be traced to lower fish prices, less cod fishing, difficulties faced by the processing sector and the fall in shrimp fishing and production.

Although saithe fishing has been strong this year, this has not been enough to balance falling export values, as saithe is a significantly lower-value fish than cod, salmon or shrimp.

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