Capelin Price Setting Panel Selects FFAW Price for 2018
June 14, 2018
06/14/2018
The Standing Fish Price Setting Panel released its decision on capelin this afternoon and it selected the price position of FFAW.
The 2018 capelin price will be a rollover of the 2017 price and it will now include the price table developed last year by the parties. This table provides a fixed minimum price for a broader range of capelin that will allow harvesters to better understand the value of their catch and avoid the uncertainties of negotiating at the wharf. The price table will be available on the FFAW website under the capelin price page.
Overall, it is expected that the capelin market will be down this year. Maintaining last year’s price increases and new price approach is a good outcome for harvesters.
Thank you to the capelin negotiating team for their hard work and strong input during negotiations.