Rumours of soaring crab prices cause N.L.’s newest processor to hit pause

April 24, 2024 Canada, International, International News

Lloyd Nash was all ready to start accepting the first loads of crab at his new processing plant when the market was thrown into a tizzy over the weekend. The owner of Uncharted Seafood in St. John’s obtained a crab licence this season, after fish harvesters successfully lobbied the provincial government to issue new licences. He was even prepared to offer a little more than the $3 per pound that was agreed upon by the associations for producers and harvesters after a protracted battle over pricing. But then, rumours ripped through the industry that some of the larger processors were preparing to offer as much as $4.50 per pound. more, >>CLICK TO READ<< 07:42

$4.50 per pound, larger processors, Lloyd Nash, N.L.'s newest processor, newest processor hits pause, Newfoundland and Labrador, preparing to offer, rumours, Snow crab, soaring crab prices, Uncharted Seafood

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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