Commentary 15 results

Gulf Snow Crab Quota Even Higher Than Expected

The snow crab supply picture from Atlantic Canada is coming into better focus. The Department of Fisheries and Oceans (DFO) announced in April that the quota in the Southern Gulf, which was 21,725 tonnes last year, will more than double to 43,822 tonnes this year. Combined with the Newfoundland quota of 35,419 tonnes, total Canadian harvests from the two primary producing areas will total 79,241 tonnes of crab, or nearly 175 million pounds of live crab if the entire quota is caught. In ...

Canada Will Ship Lobsters and Scallops to Europe Duty Free as Early as May 1

The Canadian free trade agreement with the European Union (EU), called CETA (Comprehensive Economic and Trade Agreement), has been in the works for years, but its first real fisheries effects are about to be felt on both sides of the border. As early as May 1, the treaty will come into force. The final step is the final ratification by the Canadian Parliament which is likely to occur very soon. Most observers think May 1 is the most likely date. As is usual in most trade agreements, many ...

How Alaskans Forced Snow Crab Prices Above $8/Pound

Price Likely to Carry Through to Boston Reports from Japan say Bering Sea opilio (snow crab) prices are escalating wildly above $8/pound due to the production cutback in Alaska. As a result, wholesale snow crab prices in Japan have smashed all records and are up about 50 per cent over last year. As of late February, about 12.6 million pounds has been caught and nine million pounds remains to be fished, or about 41 per cent of the total 21.6 million pounds, which includes both the IFQ and ...

Don’t Give Up on Snow Crab

2017 Data Says Canadian Volumes Will Come Roaring Back There are major changes in snow crab quotas projected for the Gulf of St. Lawrence in 2017. The preliminary survey data done by DFO shows significantly higher crab biomass than expected. The data will be peer reviewed in February, at which time the biomass and exploitation rates will be set. But the industry in the Gulf is talking as if it may see its highest total landings ever. The snow crab market has shot up dramatically this ...

N.B. Lobster Processors Warn of Possible Shortage of Tails This Winter

The major lobster processors in New Brunswick are concerned about a possible disconnect between what they see happening in the market this winter and the expectations of their major customers. Although the lobster meat market has been near record highs, lobster tails have traded normally and have been priced around $15 per lb. for a 4 oz tail since July. Packers say this is a good price point for retailers, but they feel it may not last, despite the fact there is still some lobster tail ...

Groundfish Forum May be Too Pessimistic on Atlantic Cod

The single biggest change in whitefish forecasts presented at the recent Groundfish Forum in Hamburg, Germany was for Barents Sea Cod, where Norwegian and Russian catches were thought to drop 11 per cent in 2017. However, closer reading of the situation suggests this might not be the case. The forecast was largely based on International Council for the Exploration of the Sea (ICES) recommendations and in 2015 the organization recommended a quota of 805,000 tonnes, while the actual TAC was ...

Icewater Seafoods Calls for Balance in Newfoundland Cod Allocations, Management

In a statement to the House of Commons Standing Committee on Fisheries and Oceans, which recently held a hearing in St. John’s, Icewater Seafoods called for a more balanced approach to the exploitation of Northern cod stocks. Icewater is the second largest holder of enterprise (greater than 100-foot vessel) allocations for Northern cod and is the company that received the cod allocations formerly belonging to Fishery Products International. When that company was split up and sold to ...

Spike in Lobster Demand Pushes Live Lobster Prices to Highest Pricing in 10 Years

Live lobster prices spiked again last month, with Urner Barry reporting prices for hardshell up 25 cents and for new shell up 50 cents, as retailers stocked up for Labour Day weekend. With hardshell at $8.50 and new shell at $6, these are the highest prices in 10 years. Demand by lobster processors is driving the price up. Two things have changed in the market. First, there are significantly more companies doing lobster processing, especially in Maine and Massachusetts. These companies ...

N.L. Snow Crab Landings Fall to 1996 Levels

Japan Cuts Purchases and Prices Spike 30 Per Cent Canadian snow crab prices are now 30 per cent higher than last year, as the Newfoundland season is done, with the exception of a couple of fishing areas outside of 200 miles. The Department of Fisheries and Oceans (DFO) reported that 37,958 tonnes have been landed, or 89 per cent of the 42,650-tonne quota. However, nearly 3,000 tonnes of quota is in areas such as 3PS where the fishery has already closed, so total landings will be below ...

Aquaculture is in Essence a Form of Agriculture

“We must plant the sea and herd its animals using the sea as farmers instead of hunters. That is what civilization is all about — farming replacing hunting,” Jacques Yves Cousteau has stated. Agriculture is the science or practice of farming, for food, other crops and livestock for human use. The United Nations and its 195 member states comprising most of the world’s population, define aquaculture as the farming of aquatic plants and animals. Farming itself is defined as the ...