APPENDIX IV APPENDIX IV 
of fish are supplemented by substantial imports of fresh, 
frozen, canned, and salted products. Present trends in the 
pattern of domestic purchase--increased sales through super- 
markets and growing sales of frozen fish--are likely to con- 
tinue. 
Fishermen prospered as prices paid for cod rose from an 
annual average of 7.6 cents a pound in 1970 to 20.8 cents a 
pound in 1974. 
Most fish caught by Danish fishermen are sold to whole- 
salers at public auctions. The fish auction markets work 
within the EEC minimum price system. Thus, if a catch of cod, 
haddock, or other included species fails to bring the minimum 
price, it is withdrawn from human consumption and used for 
meal and the fishermen member of the producer organization 
receives the minimum price. Prices paid for fish used in the 
reduction process are negotiated periodically between fisher- 
men and processors. 
The average monthly price for reduction fish has dropped 
sharply from 4.8 cents a pound in February 1974 to 3 cents a 
pound in March 1975. The 1.8 cent fall in prices for reduc- 
tion fish and for fish meal resulted chiefly from the large 
world production. World production of fish meal, which had 
suBpassed) 10" biiievon pounds) tn bothr 197 0handego 717 de- 
ereased, Eo. 9s bidslvon, pounds! ain) L972) and Eo) Sia25 bial lavon 
pounds in 1973, primarily as a result of the drastic decline 
in the catch of Peruvian anchoveta. However, in early 1974, 
fish meal production increased as the anchoveta returned, and the 
prices for animal feed grains, including fish, declined. 
IMPORTS AND EXPORTS 
Denmark is a member of the EEC and abides by all import/ 
export policies within the community. Danish imports of 
fishery products are valued at $140 million. Herring, shrimp, 
and salmon were the most important species in terms of value. 
About half the imports were direct landings of fish from 
foreign fishing vessels. Herring accounted for 196.2 million 
pounds out of the 348.3 million pounds landed by such vessels. 
In 1974, the total fish supply including imports was 
estimated at more than 4.6 billion pounds. Only 25 percent 
was consumed within Denmark itself while 75 percent was ex- 
ported. Denmark is the largest exporter of fish and fishery 
products in the EEC. 
302 
