By Charlotte Ryan, Siddharth Philip and Christopher Jasper (Bloomberg) —
At the Peterhead fishing port in Scotland, prices for haddock and monkfish were inverted on Monday, skewed by a closed border with France and a ticking clock that threatened to render some of its catch worthless.
Haddock normally sold wholesale for up to 3 pounds ($4) per kilogram was going for 5 pounds, said Patrick Hayton, manager of Midland Fish Co., a processor in Fleetwood, England. He sources at Peterhead, Europe’s largest fishing port, and brings it back to northwest England for local sale.
Monkfish, by comparison, would normally be bound for European tables and command a premium over the Christmas holidays. But it was selling for 2 pounds a kilo, less than half its typical price.