Svandís Svavarsdóttir, the Minister for Fisheries has signed a regulation signed to increase Icelandic capelin quota by 147,280 tonnes An extraordinary capelin season will be a strong driver for Iceland's economy as bumper catches means high income from hunting fees from ships The Icelandic fishing industry has achieved a 35% reduction in oil consumption since 1990, a unique global achievement driven by fleet renewal.

The Icelandic fishing fleet recorded a total catch of 108,000 tonnes in the period of March 2026

The total catch landed in March 2026 for the Icelandic fishing fleet amounted to nearly 108,000 tonnes, of which the capelin catch accounted for just over 65,000 tonnes.

The demersal catch was nearly 41,000 tonnes, representing a 17% decrease compared with March 2025.

In the 12-month period, from April 2025 to March 2026, the total catch was 1,142,000 tonnes, a 15% increase from the preceding 12-month period. There was a 32% increase in the pelagic catch, largely driven by capelin while the demersal catch contracted by 5% between periods and the flatfish catch saw a decline of 11%.

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