Finance

New record: Fishing for NOK 20 billion

Norwegian fishing vessels caught less cod and mackerel in 2018, but higher prices contributed to the fish they delivered from having a record high value.

Together, the vessels delivered fish worth around NOK 20 billion to Norwegian fishing companies. This is NOK 1.4 billion more than the year before, says the Directorate of Fisheries .

This happened despite a sharp decline in catches of important fish species such as cod and haddock, of 10 and 18 per cent respectively. In addition, the catch of mackerel and herring went down.

Increased catch of fish species such as capelin and saithe, however, helped to offset this decline in catch volume. At the same time, the price increases made for the value records to be reached.

– A price increase for both cod and haddock means that the total value within the cod fisheries has remained stable from 2017 to 2018. Cod and cod-like fish account for about 10 billion for half of the total value of Norwegian fisheries in 2018, writes the Directorate of Fisheries.

The shrimp deliveries of shrimp doubled from 2017 to 2018.

– The land quantity was just over 28 thousand tons. In spite of a decrease in price of 6.5 per cent, total disbursed value almost doubled and ended at more than NOK 1 billion.

The Directorate has created a brand new online portal where especially interested parties can extract information about the catch of the different fish species, among other things sorted by which municipality the fish was delivered in and which tool was used during the catch.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *