Tag Archives: High prices

Record high prices, strong demand for Canadian snow crab bodes well for Alaska

The top executives of Royal Greenland and Ocean Choice International (OCI) noted demand has remained strong for Canadian snow crab in 2017, despite record-high prices caused by reduced supply from the Newfoundland and Labrador fishery. In April, Canada’s Department of Fisheries and Oceans (DFO) cut the 2017/2018 total allowable catch (TAC) for the Newfoundland and Labrador fishery 22% year-on-year — to 35,419 metric tons — causing prices to increase to record levels of over $8 per pound (for 5-8 ounce size crab) during the season, sources said. The Newfoundland season started on April 6 and finished between May and August, depending on the area. click here to read the story 18:38

Squeezed Scallops Land High Prices

carolina queen IIIWith her shrimp-colored outriggers and a home port of Seaford, Va., it wasn’t hard to wonder what a boat like Carolina Queen III was doing so far up north when she ran aground in a storm near Rockaway Inlet on Long Island last week. Turns out she was chasing the nation’s most lucrative fishery: sea scallops, which, in 2014, amounted to a $400 million market. “It’s a pretty mobile fleet,” said Deirdre Boelke, the sea scallop fishery analyst for the New England Fishery Management Council, explaining that the fishery spans an area from North Carolina to Maine, and that scallops prefer a depth of about 50 meters, or 150 feet. Read the rest here 07:43

High Prices, Low Production; Gulf Oysters at Zero Population

GSI-LogoFrom Texas to Florida, the number of oysters harvested in the Gulf is at one of the lowest on record. Three years after the Deepwater Horizon Oil Spill, oyster industry experts have no answers on the cause of the steep decline; especially on public grounds relied upon by commercial fishermen. gulfseafoodnews Read more here 12:51

Shortage of imported shrimp – Gulf shrimp, crab scarcity nets high prices

One reason for rising shrimp prices on the coast is a shortage of imported shrimp. A new strain of a common bacterium has been wiping out populations since 2009 in southeast Asia, where most of the world’s shrimp is raised on farms. It started in China then spread to Vietnam and now Thailand, the world’s largest shrimp exporter. Quantities of shrimp from Thailand have dropped 37 percent from last year, according to the U.S. Department of Commerce. Called Early Mortality Syndrome, the disease can take out an entire pond in a few days, but is not harmful to humans. [email protected]  05:07

High prices, low hauls: Louisiana shrimpers battle for the bottom line – “Everybody is scrambling,”

The price of Gulf of Mexico shrimp has soared this year, the beneficiary of a malady that has beset the competing Asian shrimp farm market and some U.S. sanctions on unfair trade practices elsewhere. But for many shrimpers, a scarcity of product in the Gulf this year has made the suddenly higher prices seem an empty victory. [email protected] 07:57