NEW BEDFORD — The city’s commercial fishing industry — battered by last month’s arrest of magnate Carlos Rafael on federal conspiracy charges, last week’s drug raids on the waterfront and ongoing monitoring costs — took another punch to the gut this week, as government regulators proposed new cuts to cod catches that could take effect May 1.

“Those cuts will be devastating to the groundfishing fleet of New Bedford, and the whole New England coast,” said John Haran, manager of groundfish Sector 13.

The National Oceanic and Atmospheric Administration (NOAA), in conjunction with the New England Fishery Management Council, released a proposed update Monday to the federal management plan for the northeastern fishery.

The proposal includes updated catch quotas and fishing limits for the fishery’s 20 groundfish stocks — including cod, flounder, haddock and more — for the next three years. The 2016 groundfish year starts May 1.

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