More cracks appear in government-controlled fish-pricing system; SEA-NL demands review of lobster-pricing formula
Seaward Enterprises Association of Newfoundland and Labrador (SEA-NL) demands the province review the way lobster is priced to the inshore fleet to determine whether enterprise owners are getting a fair market share. “The lobster-pricing formula pays fishermen as if their catch is being sold in the spring when the lobster may be kept in holding tanks and sold in the fall for much higher prices,” says Ryan Cleary, SEA-NL’s Executive Director. “An independent review will tell owner-operators whether they’re getting a fair market share for their lobster catches, because indications are they are not and the lobster-pricing formula is obsolete.” >click to read the press release< 10:59
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