john sackton 50 results

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 ...

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 ...

CETA Deal Could Fall Apart Under Pressure of Brexit

The EU Commission is deciding how the free trade deal between the EU and Canada will be ratified. Since the Brexit vote, the conditions have shifted markedly. Until recently, this was considered a done deal that would give a significant boost to Canadian exports, particularly of shrimp, lobster and crab. Now the deal may not happen as the EU struggles with the aftermath of the Brexit vote. One proposal is for the deal to take effect if it is ratified by the EU Commission and the EU ...

Climate Change Hits the Seafood Industry; We’re in for a Wild Ride

As I write this in Boston on December 23, highs are forecast in the 70s. It is not just that we haven’t seen snow. The same thing is true in New Hampshire and Maine, hundreds of miles to the north. The unsettling warmth is not just disrupting holiday ambiance. My wife had wanted to get sleds for our grandchildren this year and I felt what was the point since they couldn’t use them. It is also disrupting the seafood industry on a global scale. Our basic problem is that warming ...

Northern Cod Stocks Continue to Improve

For the past five years, the province of Newfoundland and Labrador and the Marine Institute have been funding special cod surveys using the Celtic Explorer, a research vessel from Ireland. These surveys have documented the increasing populations of cod in the traditional spawning areas in the Bonavista Corridor, where the remnant population after the 1992 collapse was concentrated. According to Dr. George Rose, the rebuilding of the Northern Cod stock “parallels the North Sea cod story, ...