News Fish, Statistic

Last year, fishermen were paid a higher average price for salmon per kilogram than in 2016. In addition, the producer price of rainbow trout was the highest in the 2000s. Producer prices of other fish did not differ significantly from the previous year’s prices.

Producer prices of salmon and rainbow trout increased significantly in 2016 and continued to increase further in 2017. The reason for the high prices in 2016 was the increase in the global market price of salmon, which largely resulted from the difficulties faced by fisheries in Chile.

Last year, fishermen were paid a higher average price for salmon per kilogram than in 2016. (Photo: Erkki Jokikokko, Luke)

In Finland, Baltic herring is the financially most important fish in commercial fishing. Its producer price remained at the 2016 level. The price of Baltic herring defined as food appropriate for human consumption decreased slightly, while the price of Baltic herring defined as feed remained relatively unchanged.  The majority of the total Baltic herring catch is used as raw material in the feed industry, which is why the decrease of a couple of cents in the price of Baltic herring used for human consumption has no significant effect on the total price of Baltic herring. Feed produced from Baltic herring is mainly used in fur and fish farming.

In 2017, approximately three quarters of Baltic herrings used for human consumption and two-thirds of Baltic herrings used as feed were caught by the end of June. The price of Baltic herring was higher at the beginning of the year than later in spring. The price of Baltic herring used for human consumption has higher in autumn than in spring, when more fish was available in the market.

Development of producer prices salmon and rainbow trout in the 2010s (nominal prices).

Background to the statistics

Information about fish producer prices is collected from enterprises that purchase fish from fishermen. The EU has set fishing quotas, for example, for Baltic herring, sprat and salmon. When buying these fish, the buyer must send a purchase report to the Centre for Economic Development, Transport and the Environment within two days after the purchase. The statistics are prepared on the basis of these purchase reports. Information about the prices of other fish is obtained directly from enterprises. Information about the producer price of farmed fish is obtained from the Finnish Fish Farmers’ Association.

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