Panel-system of fish pricing has collapsed: SEA-NL

Seaward Enterprises Association of Newfoundland and Labrador says the panel system of fish pricing in this province has collapsed, with the panel either setting prices that will not result in a fishery, or processors ignoring prices and unilaterally setting their own. SEA-NL is calling on the provincial government to immediately step in and restore confidence in fish pricing. “The panel system has become a joke not only here in Newfoundland and Labrador, but with fishermen right around Eastern Canada laughing at us,” says Ryan Cleary, SEA-NL’s executive director. In mid-May the provincial government-appointed price-setting panel set the latest price for snow crab paid to the inshore fleet at $6.15/lb. Processors refused to buy crab for that price,,, >click to read the rest< 22:31

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