Positive Impact of New Technology on North Atlantic Cod Fishery
More than ever, our groundfish industry needs to evaluate strategies to maximize the value it receives from a limited Northern cod resource with the goal of providing timely and high-quality product to the market.
The latest Fisheries and Oceans stock assessment indicates Northern cod (Gadus morhua) stocks in NAFO Divisions 2J3KL have declined recently and at a recent Canadian Centre for Fisheries Innovation (CCFI) workshop, it was also suggested that a significant commercial fishery is ...
Risk – Winners and Losers
Risk has two parts — one that offers potential for gain, another than could lead to loss.
Either outcome is possible, presenting a dilemma. If we don’t take a risk, we lose the opportunity for gain. If we do, we must accept the potential for loss.
A lottery ticket is a good example.
The potential for a big win is the seductive part, enticing us to take the chance. As the saying goes, you can’t win it, if you’re not in it. But when you buy the ticket, you also accept that you ...
Filling the Gaps
On November 28 and 29, 2017, the Canadian Centre for Fisheries Innovation (CCFI) hosted a very successful conference on the theme Cod — Building the Fishery of the Future in Gander.
The presentations from that conference and the audio recordings of the different sessions are available on our website at http://www.ccfi.ca/codconference/presentations.asp.
In last month’s column, I talked about what we heard at the conference. As an overall conclusion, I suggested that the ...
The New Face of Cod
International Markets and Products Have Changed Considerably since 1992
The international markets for cod are now a whole lot different than they were 25 years ago.
The last time Newfoundland and Labrador cod was a substantial export was prior to the groundfish moratorium in 1992. Pre-moratorium, frozen cod block was the main product being churned out by N.L. fishplants. Jump ahead two-and-half decades and the world groundfish/whitefish market is almost unrecognizable compared to the cod ...
N.L. Cod – What we Heard
The Canadian Centre for Fisheries Innovation hosted a very successful conference on the theme Cod – Building the Fishery of the Future in Gander on November 28 and 29.
It was attended by about 180 people, representing a good cross-section of the industry, including harvesters, processors, marketers, suppliers, government and academia.
Because of the many different interest groups in the room, there was a lot of potential for disagreement on various issues. However, the session was ably ...
Path for Development of Northern Cod Charted at Biggest Newfoundland Industry Meeting in Years
In late November, one of the biggest seafood industry meetings in years took place in Gander, Newfoundland.
Close to 200 harvesters, processors and industry experts discussed the options available to the province as the historic Northern cod stock rebuilds.
The meeting, entitled Cod — Building the Fishery of the Future, was put together by the Canadian Centre for Fisheries Innovation (CCFI) housed at the Marine Institute in St. Johns.
Alastair O’Rielly (Chair of the Board for ...
Last month in this column, I talked about changing markets and provided some examples of how the U.S. market for fish products had changed over a 20-year period.
This month, I will focus on how the supply of fish has changed in recent decades.
Markets have two sides — demand and supply. Markets are primarily about the demand side — purchasing and consumption — because that is the reason there is a supply. Without buyers, there would be no suppliers. As I have said before in this ...
On the Waterfront – December 2017
Canada’s Largest Commercial Marine Event a Near Sell-Out
With exhibit booth space nearly sold out, excitement is mounting for the next edition of Fish Canada Workboat Canada, returning to the Moncton Coliseum Complex on January 26-27, 2018.
This biennial event is Canada’s largest commercial marine trade show. It welcomes those who make their living on, in, and around the water, along with those who provide the related products and services to keep Atlantic Canada’s marine-based ...
CCFI to Hold Conference on the Future Cod Fishery in Newfoundland and Labrador
The Canadian Centre for Fisheries Innovation will host a two-day conference in Gander on November 28 and 29 on the future cod fishery in Newfoundland and Labrador.
Recognized international experts will come together in Gander to present a comprehensive package of information to help prepare industry for the changes in resources off our coasts. With snow crab and shrimp populations dwindling and groundfish stocks growing, the industry has an opportunity to create a vital, value-driven ...
We catch fish because we can sell them and earn an income.
We don’t intentionally catch fish for which there are no markets.
We can earn a better income, if we have a better understanding of what markets want and are willing to pay for and if we then organize ourselves to provide it.
It’s also important to understand that markets change over time, sometimes because of changes in what customers want — or can be enticed to buy — and sometimes because of changes in what can be ...