Small decrease in Icelandic fish catch value

The total commercial catch of Icelandic fishing vessels amounted to ISK 46.1 billion (EUR 277.7 million) in the first four months of 2011 compared with ISK 46.5 billion at the same point last year.

According to Statistics Iceland the value of the catch has gone down by ISK 382 million, or 0.8 percent year-on-year.

The report states that the value of bottom feeding fish catches by the end of April amounted to ISK 30.7 billion, which was a 12.7 percent cut from the year before. Cod revenue was 17.2 billion kronur and had gone down by 7.4 percent between years. The haddock catch was worth ISK 4.6 billion and was down 23.5 percent on 2010. The redfish catch went for ISK 4.1 billion, which was a contraction of 23.4 percent on the year before. Saithe (pollack) went for ISK 2 billion, which was 2.8 percent less than the year before.

Flat fish sales amounted to ISK 3.5 billion, which represented a 15.2 percent increase; and the value of pelagic fish catches went up by 62.3 percent between years to ISK 10.9 billion. That increase is largely due to a successful capelin fishing season: capelin sold for ISK 8.7 billion — a 248 percent increase on 2010.

The value of fish catches sold direct from fishing companies to fish processors within Iceland was ISK 24.6 billion — and increase of 17.4 percent on the year before. The value of fish processed and frozen at sea was ISK 12.3 billion, which was a 11.7 percent reduction from the first four years of 2010. The value of fish bought whole on the market for processing within Iceland went down by 9.2 percent to 6.8 billion kronur, RUV reported.