The Standing Fish Price Setting Panel today released its decision on capelin prices for 2020. The Panel selected the FFAW price of 42 cents for Grade “A” capelin, a 20% increase over 2019 prices. Accordingly, all prices on the capelin price table will also be increased by 20%.
Over the past two years, capelin collective bargaining has increased prices by 68% over 2018 levels.
Thanks again to the negotiation committee for its important and detailed work. In a difficult year, it is important that we are still able to move prices forward.