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2020-04-29

COVID-19: Fleets, fish markets and retail distributors estimate losses of 30%

The need for income has led many inshore vessels to return to work, which is generating price drops at first sale due to lack of market
In many cases, the growing decline in turnover, added to the lack of financing, means loss of profitability and can lead to closings and layoffs
The sector opens the channels to internally provide screening tests, gloves and masks for its employees, in order to maintain the supply of fish

Madrid - The Crisis Committee for the fishing sector, made up of the Spanish Fisheries Confederation (CEPESCA), the National Federation of Provincial Associations of Retail Entrepreneurs of Fish and Frozen Products (FEDEPESCA) and the National Federation of Fishermen's Guilds (FNCP), estimates that the global average losses that the alarm state has caused up to now, both to the deep-sea and inshore fleets, to fish markets and to distributors and retailers are at least 30% . This decrease in income, which in many cases has disappeared - boats that do not operate, auctions and closed stores - added to the lack of financing and the difficulty in receiving state aid, means loss of profitability and may lead to definitive closings and dismissals once the COVID-19 crisis is over.

The economic imperative has led many coastal vessels to return to work - both in the Mediterranean and in the Cantabrian Sea - which is having a negative impact on prices at first sale and it is not ruled out that some fleets may have to moor in the next months due to the lack of market and the consequent collapse of prices, as is happening in the Cantabrian Sea with anchovies.

To understand the situation, it should be noted that in the Cantabrian fleet, after the mackerel campaign ended, the boats tried o return to fish their species of origin, but many of them, such as barnacles, hedgehogs and bivalves, were not in demand. causes the closure of the HORECA channel, and there are few viable alternatives; Neither the conger eel, nor the octopus –whose campaign has been lengthened by the increase in the annual quota, prior to COVID-19–, is suitable for everyone, and the newly opened coastal anchovy, whose prices are forcing to fish, is also not a solution. Low cost - in the Basque Country the kilo of anchovy has been paid these days at € 0.04 -.

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Fish Informations & Services (FIS) fis.com / fis / worldnews / COVID-19: Fleets, fish markets and retail distributors estimate losses of 30%




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