Spain: Inflation and fishing tensions surround cod this Easter

Published 2023년 4월 5일

Tridge summary

The article highlights the challenges facing the Spanish cod industry, a key tradition during Lent, due to inflation, tensions between the EU and Norway, and operational issues for Spanish boats. The industry relies heavily on imports from Norway, Iceland, the Faroe Islands, and the Netherlands, with domestic production also contributing. The industry's troubles are further compounded by rising diesel costs and disputes over shared quotas, with the European Commission being criticized for its lack of support. Despite these challenges, sales of Norwegian cod in Spain have shown signs of recovery in March, attributed to easing tensions and improved export figures.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The impact of inflation and the problems of Spanish boats due to the tensions between the European Union (EU) and Norway stand out this year among the factors that determine the activity of the fleet and the cod trade, the most traditional fish of the Week Santa. In Spain, Lent and the consumption of vigil raise cod sales and account for 30% of the annual total marketed, but this year they have been influenced by the reaction of consumers, who in general are moderating their purchase of fish due to the inflation. The most common origins of cod processed and consumed in Spain are Norway, Iceland, the Faroe Islands or the Netherlands; there is a national salted fish industry that also exports it, salted or dry, to destinations such as Italy, France or Portugal, according to the Anfabasa association (linked to Anfaco), which brings together 24 companies dedicated to its transformation. It is the fourth fish that Spaniards eat the most, with an annual total of 50.3 million kilos and ...

Source: PEefeagro