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Economy of the Falkland Islands
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====Finfish==== In the 1970s many fin fish, particularly the rock cod, a high volume low value fish<ref>{{Cite web |url = http://www.sartma.com/art_7746.html |title = B17. Southern Ocean |last = Shotton |first = Ross |publisher = FAO |access-date = 18 June 2010 |archive-date = 16 July 2011 |archive-url = https://web.archive.org/web/20110716065328/http://www.sartma.com/art_7746.html |url-status = dead }}</ref> were exploited to near-extinction. The levels of rock cod taken in the whole of the South Atlantic dropped by 99.3% in the space of two years between the 1969β70 and 1971β72 seasons.<ref name=figures>399,700 tonnes in 1969β70, 101,560 tonnes in 1970β71, 2,740 tonnes in 1971β72.</ref><ref name=lighthouse>{{Cite web |url = ftp://ftp.fao.org/docrep/fao/007/y5852e/Y5852E17.pdf |title = Regional Reviews: B17 - Southern Oceans |publisher = FAO Fisheries Technical Paper 457 |access-date = 18 June 2010 }}{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> while the patagonian rockcod was fished to near-extinction in the Shag Rock area.<ref>{{Cite web |url = http://www.alternative-solution.org/index.php?id=90&L=1 |title = Large-scale commercial marine harvesting |publisher = Lighthouse Foundation - Foundation for the seas and oceans |access-date = 30 June 2010 |archive-url = https://web.archive.org/web/20110725000703/http://www.alternative-solution.org/index.php?id=90&L=1 |archive-date = 25 July 2011 |url-status = dead }}</ref> This resulted in a ban on fishing which was lifted in 2005. Following the collapse of the Illex industry in 2008/9, the rock cod has become, by weight, the most heavily harvested species in the area. In 2006, a Spanish vessel on an exploratory trawl found commercial quantities of grenadiers (''Macrourus spp., Coelorhynchus spp.'') to the south and east of the Falkland Islands at depths between {{convert|750|and|830|m}} depths in the eastern part of FICZ. It has been estimated that this species needs a stock biomass of 40000 tonnes to produce a sustainable harvest of 3000 tonnes per annum and is now reflected as a separate entry in the tables below.<ref>{{Cite web |url = http://fis.com/falklandfish/FisheriesBulletin11.pdf |title = Fisheries Department Fisheries Statistics, Volume 11, 2006 |publisher = Falkland Islands Government |year = 2007 |access-date = 15 June 2010 |archive-date = 11 July 2011 |archive-url = https://web.archive.org/web/20110711005347/http://fis.com/falklandfish/FisheriesBulletin11.pdf |url-status = dead }}</ref>
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