European Fish May Become More Expensive

Fish from Europe could become more expensive as a new plan by the EU commissioner for fisheries may come in to effect in the next few years. The plan is to pass a law in the European parliament requiring fishermen to land their entire catch of fish, regardless of the kind of species they happen to catch.

Up to 2/3 of Fish Tossed Back

Currently, most fishermen will toss back into the water fish which are not saleable or are of the wrong species, because they are cheaper types of fish or because of the fact that they don’t have a quota for that particular species, meaning they’re technically not supposed to have any of it.

Tossed Back Dead

The problem is that the fish are tossed back dead and the oceans are trawled for more fish of the “right” species. This ultimately means that the fishermen are able to bring in the most valuable catch possible, but it also helps to deplete fish stocks faster.

Requirements to be Phased in Over a Number of Years

The new rules, which require an act of the European parliament, would be phased in over a period of a few years. So far, no such rules exist for American fisheries, however considering the European Union is the fourth largest producer of fish in the world, we could still see some significant price changes once the rules go into effect.

Ultimately Intended to Save Fish Stock

The intention of the reforms is to ensure that fish stock will still be there for future generations so that we can continue to serve Norwegian salmon for example (although Norway is not part of the European Union itself, given that they must fish in a connected ecosystem, the rules should help that country as well).

In the long term then, the expectation is that the reforms could help keep fish prices from skyrocketing further than they would have without them.

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