Belgian fishing industry flounders

Between May and June this year, the Belgian fishing industry saw a drop in seasonal catches. In June, just 675 tonnes of fish was landed by Belgian vessels and sold in Belgian ports, according to data published by Statbel, the Belgian statistics agency. This fall has been partially blamed on the rising cost of fuel and expenses. According to forecasts from the National Bank of Belgium, the fishing industry is set to be one of the biggest losers of the year. With fuel prices accounting for around 38% of inputs for the industry, the sector could finish with big losses. >click to read< 10:11

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