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Cod Prices 2020

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Cod Prices 2020

The Standing Fish Price Setting Panel released its decision on the minimum price for cod in 2020. The Panel selected the position of ASP, meaning that the late Summer/Fall price will be 80 cents for Grade “A” cod and the Spring/Early Summer price will be 73 cents . The price change for early Summer to late Summer will occur on August 2nd. The prices for Grade “B” and “C” cod have not changed.

This decision is a further move away from fairness in the pricing of cod. Since 2014, the cod market has increased significantly, while harvester prices have been stagnant with decisions by the price setting panel not sharing the increased market value. The ASP position moved cod prices back below the levels of 2014, which does not reflect any prediction of the cod market in 2020.

FFAW has stressed that concerns over COVID-19 cannot be used to ignore fairness in the setting of fish prices in 2020. This is yet another example of pandemic pricing in the fishery favouring corporate interests over fish harvesters, communities, and regions.

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.