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Watch an audio slideshow of how traditional Icelandic rhubarb stew is made. Rhubarb is one of the few vegetables that grows effortlessly in Iceland and for that reason it used to be a highly-valued addition to the traditional diet of fish and lamb.
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Milk quotas, which can be mortgaged in a similar way as fishing quotas, are currently valued at ISK 35 billion (USD 272 million, EUR 214 million).
Archive photo copyright Icelandic Photo Agency.
During the recent bidding market process on milk quotas, the real value was ISK 305 (USD 2.4, EUR 1.87) per liter, an increase of ISK 5 (USD 0.04, EUR 0.03) since the last bidding market in the spring. The total value of the entire milk quota, 114 million liters per year, is nearly ISK 35 billion.
Demand is greater than supply so it is unlikely that the value will decrease in the foreseeable future, visir.is reports.
While there are similarities between the system for fishing and milk quotas the fundamental difference is that farmers are paid by the state treasury to produce dairy products to meet the milk quotas while fishing vessel owners pay the treasury for the right to catch fish in line with the fishing quotas.
ZR
Sales of Icelandic vegetables are at a record high according to managing director of The Marketing Association of Horticultural Producers (Sölufélag garðyrkjumanna) Gunnlaugur Karlsson.
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Four tourists were rescued from a piece of floating ice in Fjallsárlón glacial lagoon, East Iceland, yesterday afternoon. Fjallsárlón is just west of the popular Jökulsárlón glacial lagoon.
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Today is the Second Day of Whitsun, or Pentecost, a Christian holiday and bank holiday in Iceland. Although Whitsun is a religious holiday, many people skip mass and use the opportunity to engage in outdoor activities with their friends and families.
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Iceland finished in 17th place in the final of this year's Eurovision Song Contest yesterday.
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The 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.
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REVIEWS
The 11th Reykjavík Shorts & Docs. Catch it while it lasts!
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Artist couple Nína Ivanova and Ómar Smári Kristinsson explain why they decided to settle in the West Fjords’ capital.
Reykjavík Queer Choir’s annual spring concert takes place on Friday, May 24.
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