Wednesday, June 1, 2016

Sardine Price shot in 2015 – News Journal

The amount transacted of sardines in the Portuguese auction was in 2015 the lowest ever, while the price soared to the highest in 20 years.

According to the statistics released Fishing, this terça- Tuesday by INE, restrictions on sardine fishing reinforced, on the other hand, the importance of little value species, such as mackerel, which was the most fish caught last year in Portugal, with 46,400 tons, a third of total.

140 800 tonnes of fresh or chilled fish caught by the national fleet surrendered, in the first sale market, EUR 261 million (+ 5.4% than in 2014), but the average price of the fish unloaded was not beyond the 1.81% euros per kilogram, the lowest since 2012.

in the case of sardines, the average price of transactions rose to 2.19 euros, the most high in twenty years, given the scant amount of fish sold at auction (13,729 tonnes, of which 13,690 in the mainland).

Between 1995 and 2005, the sardine discharges ranged at an average annual rate of -8 5%. In the last four years (2012-2015), the average amount (about 22 tons) was 65.6% below the average discharged between 2005 and 2011 (64,000 tons).

The fishing quota sardine has been reduced as part of a set of measures taken to allow the recovery of the ‘stock’ of the species, which is in difficulty.

imports of fresh and frozen sardines grew at a pace annual average of 11.6% in quantity and 15.9% in value between 2010 and 2015, reaching EUR 35.5 million in 2015 and an amount that was almost twice (1.8 times) of captured sardines and discharged in the Mainland.

Spain was the main supplier of fresh sardines (98%) and frozen sardines (69.9%) and Morocco occupied the second place (23.3%) .

Given the sardine catch limitations, the fleet has guided the fishery for other species such as mackerel and horse mackerel, which had increases of 57.5% and 33.7%, respectively.

in the case of horse mackerel, shipowners are still far from exhausting the quotas, as the weak recovery of the species, whose average price has been falling and stood at 1.01 euros per kilo in 2015, does not allow this fish is revealed as a real alternative to sardines.

mackerel, whose average price increased by 2.3% compared to 2014, came to the first sale market to 0.28 euros per kilo, 7.9 times below the cost of sardines.

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