Capelin quota issued in Iceland

kronur1Icelandic Minister of Fisheries Jon Bjarnason has decided to allow a 130,000 tonne quota for capelin fishery this year.

90 percent of the quota will go to Icelandic boats; and the rest to foreign ships from countries with special agreements to fish capelin around Iceland.

Iceland’s Marine Research Institute estimates that there are 530,000 tonnes of capelin, leading it to recommend a 130,000 tonne quota.

A statement from the Ministry of Fisheries in Reykjavik, the quota catch could earn ISK 10 billion in export earnings.

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