date:May 26, 2014
ce of CAD 0.50 (USD 0.46, EUR 0.34) cents a pound in 2013.
The essence of this agreement is to increase the value of our fish, said FFAW-Unifor President Earle McCurdy. Theres no cross-subsidization between grades in this program. The prices for the different grades are tied to the relative market returns of different grades of fish.
The panel cited cheaper cod substitutes, like tilapia an Pollock, as driving down the cod block market and creating the price gap between lower and higher grades.