date:Dec 24, 2012
the same time, Icelands cod catch for the 2013/2013 season was set at 196,000 metric tons, an increase of 22.5 percent.
While the proposed cod increases are positive news for fisheries management, there are fears about what effect the significantly greater catch will have on prices, especially as the increased supply comes at a time when important markets like Spain and Portugal are economically weak. Furthermore, both fisheries have seen their haddock quotas slashed by 41 percent to 200,000