Panel Decision Opposite of Strong Market Indicators, Harvesters Outraged

Shrimp harvesters across the province are outraged by the result of the Standing Fish Price Setting Panel’s decision to set the minimum price for summer shrimp at just $0.90/lb. The decision to side with ASP’s final offer is entirely unsupported by market realities, which show distinct market improvements in recent months. “The Panel’s decision yesterday is incomprehensible. Taking into consideration the significant increase in operational costs, particularly for fuel, fish harvesters will not come close to breaking even at this insultingly low price,” says FFAW-Unifor Sullivan President Keith Sullivan. “The Panel has absolutely not justified themselves in selecting this price,” he says. >click to read press release<  19:06

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