Lobster buyers and processors call for shutdown of N.S. fishery as coronavirus guts world markets

Lobster buyers and processors in Nova Scotia want an immediate stop to all lobster fishing in the province because the coronavirus pandemic has crushed the markets for it,,, The industry association held an emergency conference call Thursday to discuss “the current unprecedented market situation.” The problem is that more lobsters are being caught than the industry or market can absorb. “The collapse of markets in the Pacific Rim, Europe and now North America make the challenge monumental as of today and for the short term future at least,” the summary states.  >click to read< 06:07

Lobster fishery temporary shutdown proposed by buyers for LFAs 33 and 34 due to ‘collapse’ of markets -“Over 75 companies participated in the conversation and agreed all lobster harvesters in LFA 33 and 34 should immediately stop fishing and that a variation order be issued by DFO,” more, >click to read< 09:58

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