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Capelin Prices 2019

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Capelin Prices 2019

The Standing Fish Price Setting Panel announced its decision for capelin this afternoon, selecting the position of FFAW for a price of $0.35/lb, which is a 46% increase from last year’s price of $0.24 and 5 cents higher than ASP’s offer of $0.30. The price table added to capelin in 2017 will also be revised 46% higher to reflect the increase of the Grade “A” price.

The 2019 capelin fishery presents an excellent opportunity for the Newfoundland and Labrador harvesters. Norway and Iceland, which usually land hundreds of thousands of tons of capelin on an annual basis, will have no capelin fisheries in 2019. NL will land the vast majority of capelin on the market this year. Processors will certainly profit from the supply crunch this year and market prices will likely rise significantly. A strong harvester share of this increased market is required. Thank you to the negotiating committee for the hard work and input that helped secure this strong price improvement.

Dr. Erin Carruthers

Dr. Erin Carruthers is the Science Director and Senior Fisheries Scientist with the Fish, Food and Allied Workers Union (FFAW-Unifor), which is the labour union that represents the owner-operator fleet in Newfoundland and Labrador. The FFAW is committed to research and management that supports healthy oceans, fisheries, and coastal communities. Dr. Carruthers received her Ph. D. in Biology from Memorial University in 2011 followed by a postdoctoral fellowship with the Centre for Fisheries Ecosystems Research. Before coming to Newfoundland, Erin worked as a Research Biologist with Fisheries and Oceans Canada at the St. Andrews Biological Station. Her current research program is co-constructed with fish harvesters and includes research on coastal fishing communities, collaborative longline and trap surveys, and best practices for the avoidance, handling and release of unwanted catch.