Fishing quotas guarantee an addition of 23 million euros for the Portuguese economy

Seafood

Portugal

Regulation & Compliances

Market & Price Trends

Published Dec 13, 2023

Tridge summary

Portuguese fishing ministers reached an agreement on quotas for 2024, resulting in an estimated commercial increase of 23 million euros for the Portuguese fleet. Quotas for species such as monkfish, hake, megrim, black scabbardfish, and horse mackerel have seen significant increases, while cod and whiting quotas have also increased in certain waters. Despite some reductions in quotas, the overall balance of the agreement is considered globally positive, with the potential for increases in fishing opportunities.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This Tuesday, ministers responsible for fisheries reached an agreement on quotas for 2024. Minister Maria do Céu Antunes highlights an "increase" in the quota for certain species in particular, which represents an estimated commercial increase of "23 million euros" for the Portuguese fleet. Portugal guarantees further increases in fishing opportunities for species such as monkfish, hake, megrim, black scabbardfish and horse mackerel. Fishing opportunities for cod and whiting have also increased in waters managed by Regional Fisheries Organizations or established in Consultations with Third Countries. The minister classified the balance of the agreement for the Portuguese fishing fleet as "globally positive", "with significant increases", representing "an increase of 23 million euros in commercial value". For hake, the quota increased by 12%, from 4,645 tonnes in 2023 to 5,096 tonnes in 2024. The monkfish quota saw an increase of 7%, rising from 689 tonnes to 739 tonnes. For ...

Source: Tsf