The Icelandic Ministry of Fisheries and Agriculture has set quotas for the 2013-2014 fishing year, which opens on 1 September.
The total allowable catch for cod is 214,400 metric tons (MT), up from 195,400 MT last year.
The haddock TAC is 38,000 MT, compared to 36,000 for the 2012-2013 season.
The TAC for saithe was also increased to 57,000 MT compared to 50,000 MT the previous season.
The TACs for the other main species include (in MT):
Golden redfish 52,000
Greenland halibut 12,480
Deepsea redfish 10,000
Atlantic wolffish 7,500
Ling 13,500
Tusk 5,900
Plaice 6,500
Herring 87,000
Lobster 1,750
Lemon sole 1,600
Witch 1,100
Dab 500
Long rough dab 200