prices 28 results

COVID-19 Impact on Lobster Markets a Daily Concern

Above: Lonnie Snow photo   It is day by day for lobster buyers and dealers in the Maritimes, as the COVID-19 pandemic continues to impact markets around the world. “The marketplace continues to be a work-in-progress,” said Leo Muise, executive director of the Nova Scotia Seafood Alliance. “As of the end of January, we can report that 2020 was rather challenging in the seafood sector and the initial weeks of 2021 have been similarly so.” Muise said the market in ...

2020 Northern Shrimp Prices Take a Major Hit

Despite Newfoundland and Labrador’s Standing Fish Price Setting Panel siding with the price put forth by harvesters this year, the 2020 season will still be a challenging one. The panel recently accepted the Fish Food and Allied Workers’ (FFAW-Unifor) price recommendation of $1.18/pound for Northern shrimp landed at the plant and $1.15/pound for trucked shrimp. Last year, fishermen were paid a minimum price of $1.78/pound. At the time, it represented an 18 per cent increase over the ...

FFAW Wants Things its Way on Pricing, Not Transparency

The FFAW has recently been on the bandwagon of transparency in fish price negotiations. “Fairness and transparency,” it says. If only it were so simple. The FFAW already has access to production reports from the province, proxies for yield from calculating landed volumes versus production, market reports provided by consultants and international trade media, and export prices from international trade databases. And it wins most of the price negotiations by a price panel appointed ...

Lobster Season About to Kick Off in Southwest Nova

Above photo: Fishermen bait lobster traps on the Clark’s Harbour wharf on dumping day in 2016. The commercial lobster fishery in LFAs 33 and 34 was scheduled to open on Nov. 27. Kathy Johnson photo LFA 35 Opening Offers Hope for Good Start in LFAs 33-34 Strong landings, a shore price of $6.50/pound and a “decent quality” catch in the Upper Bay of Fundy had lobster fishermen in Lobster Fishing Areas 33 and 34 optimistic for another good season as they readied for the scheduled ...

Concern Replacing Optimism in LFA 25

Fall P.E.I. Lobster Fishermen Face Disappointing Lull in Price Per Pound There was a great deal of optimism this year as Prince Edward Island lobster fishermen with fall licences started gearing up for their season — but it didn’t last. There are about 254 boats from P.E.I. who participate in the Northumberland Strait lobster fishery in Lobster Fishing Area (LFA) 25. The season runs this year from Aug. 8 to about Oct. 8. By any leap of logic, the captains had good reason to have a ...

Rising Canadian Dollar and Inventory Concerning For N.S. Lobster Fishermen

Above photo: The Lower Woods Harbour wharf is piled high with lobster traps as fishermen prepared for dumping day last fall. A rising Canadian dollar, low shore prices where commercial fishing seasons are currently open, and ample inventory for processors as well as the live market are adding up to an uncertainty for the opening marketing conditions for the LFA 33 and 34 lobster fishery. Photo by Kathy Johnson Uncertainty would probably be the best way to describe any forecast for the ...

Price Setting Panel Sides with Processors on Fall Shrimp Price

After siding with the FFAW’s proposal on the summer price of Northern shrimp, the Newfoundland and Labrador Standing Fish Price Setting Panel has accepted the processors’ price for the fall price. The Panel announced it has accepted the Association of Seafood Processor’s (ASP) proposal of $1.30 per pound for this fall. The FFAW had submitted a price of $1.36 per pound. Earlier this year, the Panel chose the FFAW price of $1.25 per pound. The ASP had proposed a summer price of ...

On the Waterfront – August 2017

Polar Prince on Epic Voyage A St. John’s-based Canadian icebreaker is on an epic voyage of discovery across the Arctic to celebrate Canada’s 150th anniversary. The Canada C3 ship, the Polar Prince, is a 220-foot former Canadian Coast Guard icebreaker currently on a 23,000-kilometre voyage from Toronto to Victoria, via the Northwest Passage, stopping in many ports along its route. The Canada C3’s journey from the Great Lakes into the Atlantic, Arctic and Pacific oceans has four main ...

Shrimp Price Bumped to $1.25/pound

2017 Quota Cuts Still Cast Shadow on Season The Standing Fish Price-Setting Panel sided with harvesters June 21 when it agreed to a proposal from Newfoundland and Labrador shrimp fishermen to increase the minimum price to $1.25/pound, up from the original 2017 price of $.95/pound set in April. The bump amounts to a 31.5 per cent increase and is the minimum price for all shrimp sizes landed this summer, which range from two grams and up. Processors, represented by the Association of ...

Uncertainty Surfaces Surrounding Future Lobster Stocks

Record-setting lobster landings have been the catalyst of late driving the fishery in the northeastern Atlantic. Catches on both sides of the border have sustained an almost uninterrupted surge in abundance for more than a decade. By 2015, U.S. and Canadian harvests had nearly doubled — adding up to a combined volume of 157,000 metric tonnes (346 million pounds) with a value of (U.S.) $1.48 billion. In eastern Canada, lobster landings have increased from just over 54,000 metric tonnes ...