The cod quota has been halved, and now costs are skyrocketing

Axmed
Axmed

International Courant

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Norwegian authorities have damaged with Russia in most areas. One exception is the administration of cod within the Barents Sea, crucial species for Norwegian fisheries. A brand new fishing settlement was concluded final weekend, wherein the quotas are distributed.

As anticipated, the whole quota for 2024 matched the researchers’ suggestion of 453,427 tonnes of cod, a 20 % discount from this yr. The Norwegian share in that is nearly half. It would give Norwegian fishermen a catch worth of simply over NOK 8 billion, Nordea estimates.

– Cod quotas have fallen sharply in recent times, however for fishermen this has been greater than compensated by a rise within the value per kilo. Now it has reached a ceiling. If cod turns into too costly, shoppers will purchase different varieties of fish, says Nordea seafood analyst Finn-Arne Egeness.

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The worth fishermen obtain for the biggest cod of the very best quality is now round NOK 70 per kilo.

A weak krone has meant that this yr’s 20 % drop in quotas has solely led to a drop in catch values ​​of about ten %.

– This yr is the primary time in ten years (besides in the course of the pandemic) that the catch worth has fallen and subsequent yr it’s going to fall additional. However the fleet nonetheless makes good cash. If you happen to evaluate with the years earlier than corona, each 2023 and doubtless 2024 are good years, says Egeness.

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Decrease catches imply that much less fish must be processed for the fishing trade. That is partly offset by elevated pollock quotas and the import of frozen fish from different international locations.

– However it’s clear that the sector can even discover the large drop that we have now had and can have in cod quotas, says Egeness.

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Finn-Arne Egeness, seafood analyst, believes cod costs have reached a value ceiling. (Picture: Marius Fiskum)

Quotas down, prices up

The seafood group Nergård has 5 of its personal trawlers, co-owns a number of smaller boats and operates processing at a number of areas. CEO Tommy Torvanger now fears the mixture of decrease cod quotas and better gasoline prices.

– You are used to quotas going up and down, however what makes it worse this time are all of the tax will increase that come on prime of all the opposite value will increase.

The Nergård supervisor says proposals within the state funds imply diesel costs will rise by 70-80 øre per liter. As well as, there’s a demand for much more mixing of biofuels.

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– In brief, we’re getting fairly a couple of will increase in a short while. This comes on prime of typically tough instances, with greater rates of interest and lowered buying energy amongst clients.

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Catch extra shrimp

A discount in cod quotas signifies that Nergård’s boats must fish extra for different species, comparable to shrimp. Shrimp fishing is the fishery that requires essentially the most gasoline per tonne of catch.

– Solely the Norwegian fleet receives greater taxes on gasoline. On the similar time, we compete with the fleets of different international locations, which additionally fish in Norwegian waters. If shrimp fishing just isn’t worthwhile, the boats may be moored for a big a part of the yr. And that is one-sided for the Norwegian fleet. In principle, overseas ships can catch the overwhelming majority of Norway’s shrimp quota.

– Is not it proper that fishing boats must also pay extra for gasoline and use extra biodiesel?

– The paradox is that wild-caught fish is the protein supply with the smallest ecological footprint. If there’s much less fishing, folks must eat one thing else, comparable to pork and rooster. It will end in greater emissions.

– Nonetheless, ought to the fishing fleet additionally cut back its emissions?

– Sure, however there are a lot better methods to do that than rising charges. If we regulate fishing in different methods, for instance by making it extra versatile to maneuver quotas between vessels, this may work to a a lot better extent. For instance, if we may have elevated our sei quota and despatched only one or two boats to the North Sea to fish, as an alternative of sending all of the boats out, that will have saved numerous gasoline, says Torvanger, and continues:

– And whereas taxes on wild-caught fish with a small carbon footprint rise, the state is virtually throwing cash to the ocean breeze. The intention is to ascertain itself on the perfect fishing grounds. Consequently, we have now to fish in much less enticing areas and subsequently use extra gasoline to catch the identical fish.

It smells like cod farming

The newspaper Kyst og Fjord lately wrote that Nergård has utilized for and acquired a allow to farm cod.

– Is that this a brand new enterprise in your half?

– We hold a detailed eye on cod farming. Cod farming might be a brand new alternative for us. We’re good at whitefish and the processing of each pelagic fish and whitefish. Beforehand, we have been additionally concerned within the stay storage of cod. It’s not that we’re prepared on the beginning block to take a position closely in cod farming, however as I stated: we discover it thrilling, says Torvanger.

Egeness in Nordea says cod fishing is the driving power behind Norway’s fishing trade.

– However we see that the share of income from cod has decreased in recent times in a number of ship teams and that individuals use their free time to fish for different species. If the discount in cod quotas continues, this may turn into tougher. We’re in all probability getting into a interval harking back to the interval 2000 – 2009, when quotas have been low, says Egeness.

Scientists do not absolutely know the explanation

Researcher Bjarte Bogstad from the Institute of Marine Analysis has labored intently with fish shares within the Barents Sea for a few years.

– Cod quotas have decreased as a result of declining inventory, primarily on account of decrease recruitment. Furthermore, we had overestimated the inventory for a couple of years, says Bogstad.

Poorer recruitment of cod is assumed to imply that fewer small fish survive and develop to massive sizes.

– We’re looking for out why that is so, says the researcher.

The decline within the cod inhabitants just isn’t on account of an excessive amount of fishing, says the researcher, who emphasizes that politicians comply with skilled recommendation when setting quotas.

– However there’s a rule of thumb that dictates that adjustments from yr to yr might not exceed 20 %. If it weren’t for that, somebody would in all probability have reduce the quota sooner, and much more.

Considered one of Nergård’s trawlers en path to Senjaopen, photographed in 2016. (Picture: Mikaela Berg)

Declares new cuts

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In accordance with Bogstad, we’re in all probability not accomplished decreasing the cod quotas but.

– We additionally count on additional cuts in 2025, which can go away us with a complete quota of round 350,000 tonnes for a lot of years. The inventory is at a low degree, however not traditionally low, he says. To discover a decrease quota than for 2024, it’s a must to return to 2008.

The cod that survive the preliminary part develop usually and are in good situation.

– We’ve got seen sure adjustments in spawning in recent times, leading to a better proportion of spawning going down additional north than earlier than. We don’t imagine that it’s primarily on account of local weather change, however that the spawning inhabitants consists of extra small fallen fish than earlier than and that the fish subsequently don’t migrate as far as a result of smaller fish have a decrease migration capability, says the marine scientist.(Situations)Copyright Dagens Næringsliv AS and/or our suppliers. We wish you to share our circumstances through hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents might solely be made with written permission or as permitted by legislation. For additional situations see right here.

Price range meals: That is the way you prolong your weekend dinner till Tuesday: Complete fried fish, Burmese salad and fish burgers

Fillets are all the time costly, similar to fish. This gives you three dinners from the entire roasted trout you served for the weekend dinner.

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Revealed: 18.10.23 — 10:51


The cod quota has been halved, and now costs are skyrocketing

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