Nofima reports

A contract market in the first-hand trade of wild-caught fish

Misund, Bård; Martens, Søren; Nyrud, Thomas; Dreyer, Bent Magne

Publication details

Publisher: Nofima AS

Issue: 9/2018

Number of pages: 45

International Standard Numbers:
Printed: 978-82-8296-543-9

Open Access: green

Links:
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We explore the possibility for establishing a financial contract market in the Norwegian first-hand trade of wild-caught fish. Based on a literature study we define a set of success-criteria for contract markets. Then we define some specific challenges and advantages connected with establishing such a market in the first-hand trade of fish in Norway.
We perform an empirical analysis based on these defined success-criteria and find that the first-hand markets for frozen cod and fresh Norwegian spring spawning herring have the best prerequisites for sustaining a contract market.