News Summary June 26, 2017
Today's Main Story: Iceland Raises Cod and Haddock Quotas, With Haddock Finally Seeing Some Improvements
Today’s news opens with a focus on how Iceland has significantly raised its cod and haddock quotas for the new fishing year which begins on September 1st. The decision, particularly on haddock, is certain to be welcomed by processors in the UK and Europe. Haddock remains a firm favorite in Britain. The Minister of Fisheries has decided that the catch quota for cod should be raised to 255,172 metric tons, up by around 11,000 tons on the current fishing year. Meanwhile, the haddock quota goes up by over 5,000 tons to 39,890 tons. This is the first significant haddock increase for some time and shows that the stock, which was causing some concern not so long ago, is now making a sustained recovery.
In other news, Dmitry Dremlyga, a well-known Russian fishing tycoon and a former owner of Dalmoreproduct, one of Russia’s largest fish producers, will challenge the results of the recent auctions for the sale of crab quotas in Russia due to numerous violations that were conducted during their organization. To date, the...
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