N.L. protest cause rooted in price-setting systems for fishers and processors

The protest that erupted Wednesday outside the legislature in Newfoundland and Labrador has its roots in a complex, years-long struggle between independent fish harvesters and processors over the price-setting system, industry observers say. Sean Cadigan, a professor of history at Memorial University, said in an interview Thursday that one underlying factor in the tensions is the plunge in prices for snow crab, the province’s most valuable seafood export. From highs of over seven dollars per pound during the pandemic, the price fell to about two dollars per pound last year, creating hardships for harvesters at a time harvesters’ expenses are rising. He said that has combined with long-standing suspicions that harvesters have toward the small group of companies that dominate fish processing in the province. more, >>click to read<< 07:40

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