prices 30 results

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 ...

High Lobster Prices Lure Fraudsters

Canadian lobster is a valuable commodity, with a global reach now that it has found a niche in Asia. The removal of tariffs from seafood imports into the European Union from Canada will eventually open doors to our lobsters — live and frozen — to a multi-million-dollar marketplace. The Americans are a bit leery, or jealous, of this move as their government tries to rid itself of international trade agreements like NAFTA and one with the European Community, in an effort to persuade ...

Expanding Markets for Canadian Lobsters Through Marketing and Branding

With spring galloping along at a brisk pace, the lobster market becomes flooded as many areas re-enter the fishery after laying low over the winter months. This is the case for harvesters in New England and most of the Maritimes, but not for Southwest Nova Scotia, where over 1,600 vessels ply the waters between Digby and Halifax. With the emergence of larger fishing vessels, many harvesters in Digby, Yarmouth and Shelburne Counties fish the whole winter, albeit not every day, but as ...

Gulf Snow Crab Quota Even Higher Than Expected

The snow crab supply picture from Atlantic Canada is coming into better focus. The Department of Fisheries and Oceans (DFO) announced in April that the quota in the Southern Gulf, which was 21,725 tonnes last year, will more than double to 43,822 tonnes this year. Combined with the Newfoundland quota of 35,419 tonnes, total Canadian harvests from the two primary producing areas will total 79,241 tonnes of crab, or nearly 175 million pounds of live crab if the entire quota is caught. In ...

FISH-NL Describes 2017 Price of Cod as Scandalous – Renews Call for Province to Allow in Outside Buyers

The Federation of Independent Sea Harvesters of Newfoundland and Labrador (FISH-NL) says the 2017 price of cod recently negotiated by the FFAW is an insult to the province’s inshore harvesters, and renews its call for the province to allow in outside buyers. “That price is scandalous,” says Ryan Cleary, President of FISH-NL. “It’s an insult to already injured inshore harvesters. The FFAW expects cod will save harvesters from shellfish declines, but then the union agrees to a price ...

Serving Customers – Part II

Last month, my column was about the array of cod products — and products of some other species often substituted for cod – available for different prices at retail stores in St. John’s, N.L. Stores in larger cities undoubtedly offer an even broader range of fish products and prices. And, of course, fish competes with other protein foods, such as beef, pork and poultry. Given the array of choices offered to them, I asked, how do consumers decide which products to buy, take home and ...

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 ...

LFA 33-34 Lobster Prices All Over the Map

The talk on the wharves prior to the opening of the lobster fishery in LFA 33-34 on Nov. 28 was that things would be different this year regarding price. Last year’s benign weather conditions allowed some harvesters to operate every day for the first 28 of the season. Everything was sold at a decent price, including lower grade stuff, from opening day with prices topping off in some niches at $15/pound in February. How things have changed. With February on the cusp, most harvesters ...

Serving Customers

In the fishery in Atlantic Canada, there is a widespread belief among harvesters that they are the most important people in the seafood value chain, because they catch fish for others to process and eat. Without them, there would be no fish. Although there is a certain logic to it, that view of the world is completely upside down. In any value chain — seafood or other — the most important person is the one at the end of the chain — the consumer — who buys the product, pays for it, ...