Iceland's HB Grandi's share of cod quota is 10.67 percent, slightly below year-ago
SEAFOODNEWS.COM [4-Traders] - September 15, 2014 -
According to the Ministry of Fisheries' decision on quota allocations for the new quota year, HB Grandi's fleet receives a total of 40,125 cod-equivalent tonnes. This represents 10.67% of the total allocation and is a 0.50% lower share than the company held last year.
The reason for this share reduction lies in the weight each species has in the cod-equivalent index between years.
A closer look shows that the total quota allocation is approximately 439,000 tonnes, or 376,000 cod-equivalent tonnes. This is a minor reduction compared to last year, and there were similar figures for the 203-14 quota year at 443,300 tonnes in total and 381,400 cod-equivalent tonnes.
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