Anti-Russia Sanctions Could Hit Crab, Groundfish with Price Volatility
On February 24, Russia mounted a full-scale invasion of Ukraine, dashing any lingering hopes of a smaller-scale, more contained event.
In the build-up to this conflict, the U.S. has managed to forge a stronger united front with Western Europe than most expected. Germany’s decision to suspend the Nordstream 2 gas pipeline, which will lead to sharply higher energy prices in Europe and elsewhere, is a measure of how seriously the Western governments are taking the invasion.
Sanctions are ...
Competitiveness — Part III
Last month, I discussed how to measure the competitiveness of our industry.
I concluded by suggesting four key measures:
Where and when can we sell our products?
How do the prices we receive compare with the prices received by competitors?
How do incomes compare to those of competitors?
How does our return on investment compare with that earned by competitors?
This month, I will discuss how our industry performs against these measures.
Before I get to the heart of the ...
Record Lobster Landings and Price but Quality an Issue in LFA 33-34
If there was ever a time that lobstermen in LFA 33-34 would get a decent opening day price for their catch, it is now.
It was sort of a perfect storm in regards to price —few lobsters on the market, a low Canadian dollar, a demand for the product in Asia and northern Europe, as well as the all-important U.S. market and a weather forecast generally void of gale force winds.
Lobsters opened at $6-$6.25/pound and were still at that level when January arrived.
Landings have been phenom...