The recent self-inflicted cuts in the New Zealand West Coast hoki fishery will impact industry revenues into the millions of dollars, but the companies taking the hit are shifting their strategy to help soften the blow.
Last month the harvesting companies with a share of New Zealand's hoki fishery made the call to heavily reduce the West Coast quota -- one of the country's spawn fisheries - by 22 percent, equivalent to 20,000 metric tons for the 2018/19 season.
They simultaneously agreed there would be no carryover of this quota into the 2019/2020 season.
