2022 capelin price to take nose dive; Iceland/Norway fisheries pump over 1m tonnes into world market

There's a 17¢/lb spread between the 35¢/lb top price the FFAW has on the table, and the 18¢/lb processors have offered the inshore fleet for capelin this year. The province's price-setting panel will choose one price or the other by next week, but, either way, the price will take a nose dive from the high of 46.5¢/lb paid out in 2021.