Fishing quota trading and swaps

Details

The spreadsheet shows the amount of quota species that has been traded by the MMO on behalf of the English pools of vessels that are not members of Fish Producer Organisations (non-sector pools) and what has been received in return.

A single trade is made up of all the transactions (lines in the table) with the same Trade No. Most trades are made up of number of transactions involving stocks given up and stocks received by the Under-10s or non-sector.

For example Trade No. 2 on 8 March 2017:

The under 10s gave up:

Stock	Amount
Cod NS exc IV Norway (COD/2A3AX4)	44.00
Saithe NS (POK/2A34.)	10.00

In return the under 10s received:

Stock	Amount
Sole VIId (SOL/07D.)	2.20
Sole VIIe (SOL/07E.)	0.60
Cod VIIb-k exc d (COD/7XAD34)	0.40
Cod VIId (COD/07D.)	0.30
Whiting VIIb-k (WHG/7X7A-C)	1.90
Haddock VIIB-K (HAD/7X7A34)	0.10
Pollack VII (POL/07.))	2.40
Skates & Rays VIId (SRX/07D.)	0.70

If a trade contains only 1 transaction then this transaction is part of a x-year trade whereby the corresponding transaction took place in 2016 or is pending for 2018. For example Trade 1, the Under 10s received 21t of North Sea Herring in return for stocks that were traded out at the end of 2017.

Details of quota that has been leased into these pools is also provided.

If you require more information on the quota trading process please email the MMO Fisheries Management Team or telephone 0208 0 269 097.

Each month the MMO aims to consult industry on proposed catch limits for the following month.

MMO Trading principles for managing inshore quota pools in England

1. Ensure all fisheries stay open throughout the year.
   
   
2. Set catch limits as generously as possible within the scope of what models of projected uptake based on previous landings will allow.
   
   
3. Continually look for mutually beneficial trades between the pools and POs. Seek to make these trades at as near as possible a 1:1 economic value based on yearly price averages of fish per tonne and also consider other trading influences such as quota scarcity and time of the year.
   
   
4. If there is no further need for stocks in the inshore pools in the current year then make trades to give up quotas in the current year in exchange for quotas in the following year when there will be an opportunity to fish it for the pool vessels.
   
   
5. If no opportunity for any of the above and the inshore pools have surplus stocks make an in-year reallocation of quota to POs based on FQA units for the stocks in question so the quotas are used for the benefits of the UK economy.