Increased Cod Fishing Quota in Iceland Skip to content

Increased Cod Fishing Quota in Iceland

On Friday, Minister of Fisheries Jón Bjarnason announced the fishing quota for the next fishing season. The cod quota will be 160,000 tons, which is an increase of 10,000 tons compared to the ongoing fishing season.

However, the haddock fishing quota will be cut by 13,000 tons—50,000 tons of haddock can be caught, reports.

Shrimp fishing will be free, that is, both those who own quota and those who don’t can catch shrimp. In the past years, the 7,000-ton shrimp quota has not been fully taken advantage of.

Otherwise, the quota is similar as during the current fishing season. It is assumed that the fishing fee will deliver up to ISK 2.9 billion (USD 24 million, EUR 18 million) to the state treasury.

That is an increase from the current season, which can mostly be explained by lower oil prices and a higher price for fish products—the fishing fee is determined by the industry’s revenue.

Click here to read other recent fishing news.

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