Falklands' largest Loligo catches since 1989, but world conditions have changed dramatically

Published Nov 4, 2022

Tridge summary

The Falkland Islands have seen a remarkable increase in squid catches in the past two seasons, with a total of 101,073 tons in 2022, the highest since 1989. Despite the record-breaking catch, the fishing industry has faced challenges such as increased fuel and transport costs, resulting in unsold catch. The high volumes of catch have been attributed to the first and second seasons being the highest since 2021 and 2019 respectively. The industry also faced new tariffs on fisheries products since the end of the Brexit transition in 2021, with a total of €14.7m paid for imports of around 86,000mt of Falklands' products, primarily Loligo, in 2021. The implementation of the new Individual Transferable Quota (ITQB) system is nearly complete and is set to be implemented from January 1, 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Falkland Islands have experienced an extraordinary Loligo year with catches reaching 101,073 tons in the two season, 54,417 in the first and 43,216 in the second. However great volumes also have their shortcomings, particularly since Falklands' fishing industry this year has had to face dearer fuel and transport costs, and not all the catch has been sold. According to Dr Andrea Clausen, Director of Natural Resources, Falkland Islands Government, the first Loligo season with 56,417 tons was the highest since 2021, despite voluntary closures to avoid small squid that where in abundance in the south. Overall the biomass remained high throughout the season. The second season with 43,216 tons, the highest ever, a record, with a Catch Per Unit Effort of 44 tons per day, also outstanding since it was the highest second season CPUE ever. It must be noted that the season involved 16 vessels, fishing for 64 days in each season. Overall, including pre-recruit surveys and by-catch the total ...
Source: MercoPress

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