Falling prices, quota confusion keep herring market slow | Undercurrent News

Buyers of Norwegian spring-spawning herring have continued to wait and see if prices will carry on falling in week 43 of 2017, with the Norwegian herring sales association — known as Sildelaget — noting urgent measures were needed to try and buoy the market.

Catches in week 43 were 24,800 metric tons, down from 30,000t the week before. The main reason for lower volumes was that several vessels “slowed down” their fishing following the setting of lower minimum prices in week 42, Sildelaget said.

Average herring size was 375 grams in the Norwegian Sea, where most of the catch was taken this week.

“Based on a changing market for herring and falling minimum prices, a bottom line for minimum prices was set on Friday. Hopefully this will have a positive effect on the market,” the sales organization noted.

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Falling prices, quota confusion keep herring market slow | Undercurrent News.