prices 30 results

A More Challenging Lobster Season

Lower Landings, Stormy Days Didn’t Lead to Immediate Price Increases Same quality, lower quantities and strong demand but lower prices — so what gives? This is the question most lobstermen in LFA 34 (western and southwestern Nova Scotia) are asking themselves as the heady days of Christmas are over and attention now turns to the Chinese New Year and Valentines Day. Last year, at this time, some harvesters landed product 28 days in a row. This year, high winds cancelled the initial ...

Valuable and Lucrative LFA 33-34 Season Kicks Off

Nor’easters are not a fishermen’s friend, especially on dumping day of the lobster fishery. One was predicted to visit the weekend leading up to November 28, the day when over 1,600 lobstermen from Eastern Passage, Halifax County, to Digby, Nova Scotia, were due to set over half a million lobster pots to usher the beginning of the winter season in LFA 33-34. The storm veered more to the north than predicted and most of the key lobster sites in the areas were spared near hurricane ...

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 ...

Asian Markets Could Lead to Record Opening Day Prices in LFA 33-34

The lobster fishery in LFA (lobster fishing area) 33-34 closed on a very high note at the end of May with harvesters receiving $6/pound for their catch, the same amount paid at the opening of the season in late November 2015 a far cry from the $3.25/pound earned just a few short years ago. And if landings in LFA 35 (southeastern part of New Brunswick and an area from Digby back to the Minas Basin in Nova Scotia in the Bay of Fundy) are any indication, the fishing season which opens Nov. 29, ...

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 ...

Lobster Prices Decrease as Other LFAs Kick Into Gear

It was a cold, windy and raw spring as May rolled in and lobsters flooded the market with the opening of new LFAs in northeastern New Brunswick, the north coast of P.E.I. and the western shore of Cape Breton Island. The regions’ top two areas in terms of landings and value — LFA 33-34 — are winding down with closure set for May 31. The all-important topic along the wharves was of course prices — as predicted they didn’t mirror what happened a year ago when March, 2015 produced ...

Fishing Under a Shell of Worry: Crab Season Might be a Struggle in Many Areas, Despite Good Price

This season’s price for snow crab is the best ever negotiated between the organizations representing processing companies and crab fishermen in Newfoundland and Labrador. At $3 per pound, it offers fishermen hope and a chance to make a go of it, despite lower quotas and worry about the future of the declining crab resource. “We’ve never gone over $2.50 (per pound) in a negotiated settlement. That was back in 1995. We got up to $2.45 last year,” said Bill Broderick, inshore ...

Positive Prices: LFA 33-34 Lobster Season Starts on a High Note

The LFA 33-34 lobster season is off to a good start. Harvesters are reporting solid catch rates and receiving in excess of $6/pound for their early season lobsters. It began in August when New England production was lower than in previous years, but boat prices were up. A cold, late spring led to the shedder season being delayed three weeks which precipitated a lack of product when the summer market demanded it. Prices were 50-75 cents higher than a year ago. The shedders appeared in ...

Hopeful For Higher Price When LFA 33-34 Opens

As things get down to a semblance of normalcy following an extended period of politicking due to the federal election, thoughts in Nova Scotia turn to the upcoming lobster fishery and what it might bring. There are so many factors which determine the price fishermen get dockside, including weather, exchange rates and the quality of the landed product. Water temperatures will play a large part in the scenario. It has been relatively cool since the beginning of October and if this trend ...