Lobster Exporters Cautiously Optimistic Markets Will Continue to Recover
Above photo by Kathy Johnson
While lobster exporters have been facing some COVID-19 obstacles moving product into China this summer, not all the news is bad.
“In general, markets have recovered faster than we expected and we are cautiously optimistic that this will continue through the summer,” said Geoff Irvine, executive director of the Lobster Council of Canada (LCC).
Irvine said the European Union markets are “opening slowly with volumes increasing in live and processed ...
Nova Scotia Launches China Lobster Export Pilot Project
CETA Deal Approved by EU Parliament
Bad weather, soft shells and low yields from LFA 34 landings, along with high prices, forced most processing plants in Nova Scotia to shut down by January 12 — with the exception of Riverside Lobsters International located in Meteghan River.
Adding to mix was the fact the Chinese market for lobsters was down 30 per cent from last year due to high prices.
In New England, most fishermen pulled up their gear in January which led to a lack of product.