Photos from: http://www.eurofish.dk
In early 2010 the local government decided to impose a proper managing system for the hake industry and a plan to implement an individual transferable quota system. The new system will be set for each province even if catch are sold to companies in other province which moved to the north to reduce cost. The quota will be assigned for 15 years and number of criteria will be used to determine the size of the quota.
The frozen hake fish fillet industry is the main product that is exported worth USD 102,2 million for 39 419 tonnes, accounting for 64% of the total volume. Due to fall in hake fish, the frozen hake fillet value dropped by 22% due to a 3%volume fall. 46% of the Argentinean frozen hake fillet (fish) is exported to Brazil which represents an increase of 69% in demand.
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