Nova Scotia: Lobster industry fears prolonged effects of coronavirus outbreak as exports halted, prices drop
A month ago, China appeared to be a land of endless opportunity for Nova Scotia’s $1-billion lobster industry, with fishers collecting record returns for their catches and exports to the Asian country growing to historic levels. Then, as travel restrictions and lockdowns in some cities were imposed in China in an effort to contain the virus, known as 2019-nCoV, lobster orders dried up almost overnight. The shore price, or price paid to lobster fishers for their catch, fell from a record high of $10.50 a pound to $8 a pound on Nova Scotia’s south shore last week, and is expected to keep falling. >click to read< 05:49
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