Tag Archives: Asian markets
Coronavirus: Elver Season Starts, But Prices Plunge
At 8 a.m., Monday, March 30, about 30 elver fishermen were at the Pemaquid Falls town landing to claim their fishing spots for a shortened season. The elver, or glass eel, season in Maine got off to a late start because of a coronavirus-related delay from March 22 to March 30. Bristol Town Administrator Chris Hall said in a phone interview March 30 that he estimates there were at least 60 fishermen at Pemaquid Falls on opening day last year. The price of elvers has dropped significantly this year, from more than $2,000 per pound in 2019 to $500 per pound, the lowest starting price since 2010. This is down from a price of $2,700-$2,800 at the start of the 2018 season, the highest ever seen in Maine’s elver fishery. photo galley, >click to read< 18:51
Coronavirus Breakthrough! Live lobster shipment from Nova Scotia to China resumes
For the first time in more than a month, live lobster from Nova Scotia has been flown to China, after fear of the coronavirus and travel restrictions caused market sales to plummet. Premier Stephen McNeil said just under 70 tonnes of live lobster were shipped from the Halifax Stanfield International Airport to China on Saturday, which is about two-thirds of a full flight. “We’re just hoping it’s the first of many,” McNeil told reporters at the legislature Tuesday. more, >click to read< 16:45
Lobster prices in New England have spiked to their highest level in more than a decade
Annie Tselikis, marketing director at Maine Coast Co. and executive director of the Maine Lobster Dealers’ Association, said demand for live and processed lobster has been strong all summer.“We have seen higher prices in the marketplace this summer … on par with the demand that we’re seeing,” she said. “It’s been crazy since the Fourth of July.” Tselikis said a big reason for the boost in demand for processed lobster is that distributors have stepped up their efforts to create new markets. Much of the recent growth in demand has come from Asian markets including China, South Korea, Hong Kong, Singapore and Vietnam, she said. “We’re seeing lobster in places where it didn’t exist before,” Tselikis said. Read the story here 07:04
