HB Grandi gets 10 percent of Iceland cod quota


SeafoodSource staff

Published on
September 15, 2014

According to the Iceland Ministry of Fisheries’ decision on quota allocations for the new quota year, HB Grandi’s fleet iwill receive a total of 40,125 cod metric tons (MT).

This represents 10.67 percent of the total allocation and is a 0.50 percent lower share than the company held last year. The reason for this share reduction lies in the weight each species has in the cod index between years.

A closer look shows that the total quota allocation is approximately 439,000 MT, or 376,000 cod-equivalent MT. This is a minor reduction compared to last year, and there were similar figures for the 2013-2014 quota year at 443,300 MT in total and 381,400 cod-equivalent MT.

HB Grandi receives 48,853 MT of various species, compared to 50,352 MT for the quota year that has just ended. In percentage terms of total allocations, HB Grandi drops from 11.36 percent in the last quota year to 11.13 percent this year.

Allocations for species such as Atlanto-Scandian herring, capelin, mackerel and blue whiting have not yet been allocated as those quotas are set on a calendar year basis.

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