Many Icelandic vessels have taken advantage of good weather and store up until new fishing quotas take effect on September 1. This might create problems. M&J Seafoods, one of Britain’s leading fish supply companies to the food service sector, said that the cod looks to be OK because of Iceland’s decision to increase the new catch quota by 10,000 tons.
The main concern is with haddock. But the bad news for consumers in particular is that prices are increasing by around 10 per cent from September and M&J says it could see customers switching to cod which may help to ease the supply situation. It may be a long way away from British seafood markets, but the impact of the Gulf oil spill is continuing to have an impact on warm water prawns at home.
Oil spill in the United States have shoot up the prices like anything. Nearly 17 percent rise and it continues. Failed harvests in Vietnam and Bangladesh have not helped. On other seafoods, buyers of Pacific salmon are talking of possible price increases of at least 20 percent because catches are way below quota, with Yellowfin tuna prices possibly up by 10 percent in September.
