luftfag

Luftfag is a fishing industry term that refers to the inflated price of cod and other fisheries products which has been historically prevalent in the Icelandic and Faroese markets. This phenomenon occurs when a reduced production of fish from traditional catching grounds, a rising demand from fish consumers in Europe and Japan, and the efforts of fishing cooperatives to maintain production and incomes in affected areas combine.

As a result of these factors, the price of cod and other fish species in Iceland's markets increase, leading to high profits for fishermen. In turn, there is often a pressure on consumers to pay these higher prices. The inflated prices are then often referred to as 'luftfag' or "fish-price inflation". This concept has been frequently noted in Icelandic and international media.

In recent years, Icelandic fishing industry has been shifting direction, focusing more on tourism, oceanic and tourist-friendly activities, such as boat tours, excursions to puffin colonies and general oceanic tourism activities. Although the purpose of the Icelandic fishing industry has shifted, 'Luftfag' concept remains a cypher for the problematic relationship between Iceland's economies fishing and marketing sectors.

Some local and international organizations as well as state offices, have called attention reasons contributing towards rising fish prices and affecting the relationship between Icelandic consumers and fishermen. Regional accountability made direct efforts in this space through public outreach campaigns and economic inventive loans to support individual sales quintuples livelihood disruptions. get pass.