New record year for the fishing fleet

cod fishingCod fishing.Photo: Cornelius Poppe / NTB scanpix

Norwegian Raw Fish Organisation has traded wild fish for over NOK 10 billion in Northern Norway and Trøndelag so far this year. This already exceeds last year’s figure of NOK 9.7 billion.

– For the Norwegian fishing fleet, this an all-time-high for the third consecutive year.

2014, 2015 and 2016 were the best year in sales for Norwegian fishermen, also in real value, says deputy director Svein Ove Haugland of Norway Råfisklag to newspaper Dagens Næringsliv.

Raw Fish Sales Association sells all wild fish from Nordmøre and north to the Russian border.

The good results from fishing provide millions in income to the fishermen up north.

While the cod quotas are large and prices high, there is a reduction in the number of fishermen.

A common inshore fishing quota of 100 tons of cod could yield revenues of over three million kroner a year, and over a million kroner in annual income after expenses.

Haugland says the industry is experiencing a good period, especially since the cod price has increased by 20 percent this year. Roughly half is due to currency exchange changes and the weak kroner.


Source: NTB scanpix / Norway Today