News Digest n.2 / 2024


One year of salmon tax in Norway: uncertainty remains

A report by NHHS Consulting reveals that over a year since the introduction of the'salmon tax' in Norway, the industry has faced significant uncertainty. The predefined prices set by the council are expected to come into effect from July 2024, causing problems for Norway's five largest salmon producers. The report highlights that the government's initial proposal, which included a 40% effective tax rate, was largely overlooked, leading to significant upheavals and job losses.

EU Leads on sustainable fisheries at South Pacific Fisheries meeting

The 12th annual meeting of the South Pacific Regional Fisheries Management Organisation (SPRFMO) concluded with significant strides towards sustainable fisheries management, including a new allocation for Chilean jack mackerel, tightening transhipment rules, increasing observer coverage, and promoting higher labour standards.

Seaweed worms could revolutionise fish farming diets

EMFF funding has enabled researchers at Aarhus University to develop innovative production techniques for fish fry. By using decomposing seaweed, they have discovered a way to mass produce marine enchytraeids, which can increase juvenile fish growth rates by up to 200% and lower mortality. Enchytraeids have an ideal nutrient composition, high protein and lipid content, and abundant long chain omega-3 fatty acids. This sustainable approach could reduce fishing pressure on the marine environment.

New global fisheries management body’s first meeting focuses on sustainable practices and promoting biodiversity

The COFI Sub-Committee on Fisheries Management met from 15 to 18 January 2024, had focus on best practices for effective fisheries resource management, improvements in FAO methodology for marine fish stock estimation, fight against Illegal, Unreported and Unregulated (IUU) fishing, climate crisis adaptation, and biodiversity mainstreaming. The meeting aimed to improve global fisheries management, address climate change impacts, and promote sustainable practices in small-scale fisheries. The sub-committee also discussed integrating climate change into national and multilateral fisheries management and governance.

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