“It’s madness to keep the quota as low as this,” said LIU Director Fridrik Jon Arngrimsson. “There would have been no risk of damaging the stock with a 150,000 to 160,000 metric ton quota, as we recommended last year. Pushing cod quotas down this far is going to have serious consequences.”

Under Iceland’s new quota levels, haddock drops to 93,000 from 100,000 metric tons,saithe is reduced from 75,000 to 65,000 metric tons, and redfish quotas are cut from 57,000 to 50,000 metric tons.