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Capelin Quota Increase Hits a Hungry Market

Summary by Vísir
After two disappointing years in the capelin sector, good news finally arrived today when the Marine Research Institute proposed a fivefold increase in the capelin quota. This means that the capelin season for the next two months could generate 35 to 40 billion ISK in export revenue for the Icelandic economy, according to the CEO of Síldarvinnslan.
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The recommendation for an Icelandic capelin quota is now much larger than it was.  It is now 197,474 tons. The capelin survey in Icelandic waters last autumn showed that there is much more capelin than previously thought. Previously, the Icelandic Oceanographic Institute's recommendation for a capelin quota was 31,046 tonnes. The Faroe Islands own five percent of the quota. Subtitle: The capelin survey in Icelandic waters last autumn showed that…

After two disappointing years in the capelin sector, good news finally arrived today when the Marine Research Institute proposed a fivefold increase in the capelin quota. This means that the capelin season for the next two months could generate 35 to 40 billion ISK in export revenue for the Icelandic economy, according to the CEO of Síldarvinnslan.

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The final capelin quota for the 2025/2026 season in Iceland is set at 197,000 tonnes.

The results of capelin surveys earlier this month give reason to raise the fishing advice to 197,474 tonnes. This is the conclusion of the Marine Research Institute after it completed processing the results of the capelin search that began in the middle of the month. The capelin season will be much larger than previously expected. The Marine Research Institute originally recommended a catch of 44 thousand tonnes, but the new advice is almost fiv…

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RÚV broke the news in on Thursday, January 29, 2026.
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