1. EAFE Workshop 1.-2. June 2010 The Price Development in Finnish Fisheries Vesa Karttunen Federation of Finnish Fisheries Associations

2. EAFE Workshop 1.-2. June 2010 Outline of presentation Finnish fisheries today Development of fish prices Effecting factors

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15. EAFE Workshop 1.-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

16. EAFE Workshop 1.-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

17. EAFE Workshop 1.-2. June 2010 Thank you!