On the Waterfront – August 2020
N.L. Capelin Price Up 20 Per Cent
In mid-June, Newfoundland and Labrador’s Standing Fish Price-Setting Panel sided with harvesters and increased the 2020 price of capelin by 20 per cent over 2019 prices.
Fishermen will now receive $0.42/pound for Grade A capelin. Last year they received $0.35/pound.
The FFAW, which negotiated on behalf of the harvesters, stated that over the past two years, capelin collective bargaining has increased prices by 68 per cent over 2018 levels.
NAIA Issues Warning Over Potential Loss of Marine Atlantic Subsidy
Newfoundland’s valuable aquaculture sector warns that without a federal subsidy, Marine Atlantic will create an unfair and unequal economic relationship with other Maritime Provinces, said the Newfoundland Aquaculture Industry Association (NAIA) in a recent press release.
According to NAIA, the loss of federal subsidies could lead to a doubling of freight rates resulting in higher costs of goods and services for every Newfoundlander and Labradorian who chooses to call this place ...