EAFE Workshop1.-2. June 2010

The Price Development in Finnish Fisheries

Vesa Karttunen

Federation of Finnish Fisheries Associations

EAFE Workshop1.-2. June 2010

Outline of presentation

• Finnish fisheries today• Development of fish prices• Effecting factors

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

EAFE Workshop1.-2. June 2010

Effecting factors on fish prices, FGFRI results:

- Imported farmed Norwegian salmon, domestic farmed rainbow trout and wild Baltic salmon are close substitutes. As well, whitefish, perch and pike-perch are substitutes.

- The price of imported salmon determines the price of wild salmon and farmed rainbow trout.

-Prices of wild caught species are affected by farmed rainbow trout

-The markets of Baltic salmon, pikeperch, whitefish and perch are partially integrated in Sweden and Finland

EAFE Workshop1.-2. June 2010

The additional affecting factors in the prices of wild caught species

-The organisational structure of fishermen and fish market - No producer organisations, - long distances – no auction system, often only one buyer

-Dependence on fur industry (pelagic species)

- Importance of recreational fishery – willingness to pay

- During last few years: demand >> supply => increase of prices

EAFE Workshop1.-2. June 2010

Thank you!