An increase in quotas could drive the exports of fish and prawn higher for the businesses in the area.
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Total Allowable Catches (TAC) set by EU for Northern Irish fish industry is going to increase the sales outside of Europe’s single market. The quotas have been increased last month by a massive 376% on cod, herring up by 70% and haddock by 23%.
Nephrops, such as prawns, have also seen an increase of 15% in their quota. The main export markets for Northern Ireland’s fish&seafood are Europe, Middle East and Asia.
“Taken together these increases will contribute additional catches for Northern Ireland’s fishing fleet valued at several million pounds”, said Alan McCulla, the chief executive of fishing co-operative Sea Source, according to The Farm Week journal.
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