The Icelandic Minister of Fisheries Kristján Þór Júlíusson has signed a regulation on capelin fishing
Kristján Þór Júlíusson, the Icelandic Minister of Fisheries and Agriculture, has signed a regulation on capelin fishing in accordance with the advice of the Marine Research Institute.
In total, the regulation allows fishing by Icelandic vessels of up to 662,064 tonnes, which gives expectations that the coming season will be the largest in almost 20 years.
The Marine Research Institute recently presented advice for capelin fishing for the 2021-2022 season, amounting to 904,200 tonnes. In accordance with international agreements, Iceland receives 80% of that amount after taking into account bilateral agreements with other countries. The catch value of this season is estimated at €355/£282 million and fishing will begin on Friday 15 October.
The last few years have been rather sparse, so there has been a considerable increase since last winter, when the quota was 127,300 tonnes.
Kristján Þór Júlíusson, Minister of Fisheries and Agriculture:
“It is very gratifying to have the opportunity to sign a regulation that gives expectations that the coming season will be the biggest in about two decades. This is great news for individual settlements in the country, but at the same time the whole community, as this creates a lot of income for the national economy and increases the chances that we will be able to grow even faster out of the coronavirus crisis in the coming months.