The FFAW engaged in price negotiations on mackerel the week of August 29th to September 1st. Last year, the price was set by the Panel, resulting in the lowest prices paid to harvesters in many years.
This year the market appears to be strong and we felt that we were in a strong negotiating position. After two days of bargaining, the FFAW and ASP managed to come to an agreement on price.
This year’s prices are:
- 21 cents/lb – 200-400 grams (31% increase over 2015)
- 26 cents/lb – 400-600 grams (24% increase over 2015)
- 33 cents/lb – greater than 600 grams (10% increase over 2015)
Overall, the minimum prices in 2016 are the highest since 2012.