Analysis Of The Merluccius Merluccius Market Chain. Estimated Results For Production In Galicia

Hake is the preferred groundfish in Southern European markets. Spain is the largest hake market in the world, and accounts for one half of the total European consumption of hake. The aim of this study is to analyse the evolution of prices at first-hand sale level, at wholesale level and retail level in the commercialisation chain of one of the most-fished demersal species in the north-east Atlantic’s mixed fisheries, the Merluccius merluccius. In particular, we are testing a dynamic model to identify and measure the effect the level of price uncertainty has on the evolution of commercial margins, using monthly data relating to the last five years for this species in a regional market (Galicia, NW Spain), significant for its volume of landings. The results show that transitory changes in prices at first-hand sale level are absorbed neither by the wholesale level nor the retail level. A counter-cyclical price effect is observed, with the result that in periods when prices at first-hand sale level are low the wholesale and retail percentage margin is higher

Analysis of the Merluccius merluccius market chain. Estimated results for production in Galicia

Hake is the preferred groundfish in Southern European markets. Spain is the largest hake market in the world, and accounts for one half of the total European consumption of hake. The aim of this study is to analyse the evolution of prices at first-hand sale level, at wholesale level and retail level in the commercialisation chain of one of the most-fished demersal species in the north-east Atlantic’s mixed fisheries, the Merluccius merluccius. In particular, we are testing a dynamic model to identify and measure the effect the level of price uncertainty has on the evolution of commercial margins, using monthly data relating to the last five years for this species in a regional market (Galicia, NW Spain), significant for its volume of landings. The results show that transitory changes in prices at first-hand sale level are absorbed neither by the wholesale level nor the retail level. A counter-cyclical price effect is observed, with the result that in periods when prices at first-hand sale level are low the wholesale and retail percentage margin is highe

Is the spanish greenland halibut fleet profitable after introducing the biological recovery plan?

The aim of this study is to analyse the economic profitability of the Spanish Greenland halibut fleet in waters of the northwest Atlantic after the introduction of the halibut recovery plan. For it, the average yield and the investment payback period are used in the analysis. The results show a slight reduction in the average yield per vessel, especially at the end of the period and after the introduction of the halibut recovery plan, but with fishing profitability rates considerably high and payback periods slightly lower, in general, than the average life of a standard fleet vessel.Xunta de Galici

The profitability of the Spanish swordfish fleet in the North Atlantic

Our aim is to analyse the profitability of the Spanish swordfish fleet in the North Atlantic on the basis of the estimate of the gross profit per standard vessel, the average yield and the investment payback period (PP). The swordfish fleet has grown over the last decade to become the main producer in this fishery and one of the most stable fleets of all the Spanish fisheries. The results obtained show increases in profit per vessel, although there was a slight decrease in the final year studied, relatively high rates of return and PP shorter than the average life of one of the fleet’s standard vesselsXunta de GaliciaMinisterio de Educación y Ciencia | Ref. SEJ2004-0571

The profitability of the artisanal galician fleet

A large artisanal fleet made up of small-sized vessels fishes along the Galician coastline using passive gear and traps. The aim of this study is to analyse the economic profitability of this fleet in the last 5 years by looking at the average rate of return on the vessel and the investment payback period. The results show a slight drop in the return per vessel half-way through the period studied caused by the effects of the Prestige oil spill, to quickly recover over the following 2 years. Considerably high profitability rates from fishing activity were observed, especially in the second half of the period, and slightly lower payback periods, in general, than the average life of a standard fleet vessel.Ministerio de Educación y Ciencia | Ref. SEJ2004-05711Xunta de Galici

Bioeconomic management and fishing selectivity: an application to the european hake fishery

The bioeconomic management in a fishery with intra-species selectivity is examined. As opposed to other works, we consider a model in which the fishing technology affects resource's growth not only through the production function, but also through the natural growth rate of the marine resource. The analysis is applied to the European Southern hake stock (merlucius merlucius). The activity of the fleets involved in the fishery has different impacts on marine resource and the degree of selectivity of their gears is included in the economic analysis. The results show that if this fleet improves its degree of fishing selectivity, the level for the marine resource will increase

La nueva economía institucional y la economía de los recursos naturales: comunes, instituciones, gobernanza y cambio institucional

In recent decades, the New Institutional Economics has brought about the “return of institutions†to the economic mainstream, and institutional theory and analysis have been developed from Ronald Coase’s notion of transaction costs and Douglass North’s view on institutions. The Nobel Prize award in Economics to Oliver Williamson and Elinor Ostrom in 2009 has pointed out the relevance of the new institutional approach. Natural Resource Economics has included the institutional determinants of the management of natural resources into its research agenda. In this sense, the advances of the New Institutional Economics allows the development of institutional analysis in the field of the Economics of Natural Resources, such as Elinor Ostrom’s work has shown. This paper presents an integral and updated perspective of the foundations of the New Institutional Economics that constitute a set of theoretical inputs for the analysis of institutions and governance in the management of natural resources.Agricultural and Food Policy, Environmental Economics and Policy, B52, Q00, L22,

The preferences of the spanish fishermen and their contribution on reform of the European Common Fisheries Policy

The latest reform of the Common Fisheries Policy introduces market instruments to manage European fisheries. The success of any regulatory measure requires compliance with and acceptance of standards on the part of the regulatory bodies. This is the second proposal made by the European Commission which poses this possibility; the previous reform agreed by European Parliament in 2002 removed it due to the opposition from fishermen in some countries, among them were most of Spanish fishers. But perhaps the fishermen's preferences changed for these years. This study analyses Spanish fishermen's preferences of the possibility of introducing fishing rights, and an international comparison of fishermen's preferences is made. The results show that the industrial segments are more favourable to implement a system based on quotas, whereas the artisanal segments are more in favour of an individual effort system. The greatest similarities are obtained in Iceland and Australia, although the results achieved are based more on qualitative than quantitative analysis.Xunta de Galicia | Ref. GRC2014/022Ministerio de Economía y Competitividad | Ref. ECO2014-52412-

Processing Of Marine Products: Sustainability, Competitiveness And Financial Viability Of The Canned Food Industry In Spain

For many decades Spain has been an important fish producer, the fact of which has created an important fish product processing sector. The main sub-sector is the canned food industry; in fact, Spain is the main canned fish and seafood producer in the EU. This paper studies the economic and financial structure of the canned food industry in Galicia, a region where the majority of the sector is located. The study is presented from the point of view of a prospective increase in demand and the risks associated with greater international competition, which obliges companies in the sector to apply more competitive strategies in order to guarantee the activitys future, both from the perspectives of access to consumers as well as business organisation and scale. The result will impact on the regional economy and on the way in which fishing resources are dealt with