Capelin Quota for Iceland Increased by 50,000 Tons Skip to content

Capelin Quota for Iceland Increased by 50,000 Tons

Minister of Fisheries Einar K. Gudfinnsson increased the capelin quota for Iceland to roughly 150,000 tons yesterday following reports from the Iceland Marine Research Institute that it had located another large school of capelin southeast of Iceland.

According to Morgunbladid, the total export value of capelin this fishing season could amount to ISK 6.5 billion (USD 98 million, EUR 64 million). Iceland mainly exports capelin to Japan and Russia.

“This is of course a reason to celebrate, especially since we’re harnessing this capelin to create great value by freezing fish and fish eggs. Considering that we have such a limited amount of capelin, it is very important [to use all of its parts],” Gudfinnsson said.

In late February Minister Gudfinnsson issued a moratorium on capelin fishing because the Marine Research Institute had failed to locate enough capelin for sustainable fishing. Six days later, however, a large school was found and the minister lifted the ban.

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