Tag Archives: China exports
Low prices, low catch wraps up P.E.I. spring lobster season
With global demand and lobster prices reaching record highs in Nova Scotia in the weeks leading up to P.E.I.’s spring season – around $17.50-18.50 a pound – many Island fishers were looking forward to a promising start to their season. “Typically, it drops a bit before we start because there are more boats in the water at that time, so we didn’t expect anywhere near that price,” said Charlie McGeoghegan, chair of the Lobster Marketing Board. “However, we did expect to start off where we left off last spring, which was in the $11-12 range.” That combined with the price of fuel being double what it was and bait being up 30 per cent, we thought maybe once we get a few weeks in, the price will get better. That’s what it did last year.” Instead, the prices dropped again by another $1.50 a pound, said McGeoghegan. Photos,>click to read<– 09:14
Coronavirus: Seafood industry falls victim to the virus
Abalone fisheries, reliant on China for up to 90 per cent of sales, have been paralysed by the sudden drop in demand with Tasmania’s entire fleet of up to 100 abalone dive boats “ground to a halt” for the past month. Lobster was one of the first sectors to suffer as the result of China’s quarantine lockdowns, forcing the sale of export catches on the local market at discounted prices. The crisis has since broadened, affecting scale fisheries such as banded morwong and wrasse, and all processors reliant on China exports or live fish trade to deserted Chinatowns in Sydney, Melbourne and Brisbane. >click to read< 09:16
Coronavirus devastates Australian export businesses as economic costs of emergency filter through
Sonia Einersen from Cairns-based business Torres Straits Seafood in Far North Queensland said live imports into China had been cut, so she had nowhere to sell her product. “The coronavirus has really affected the whole fishing industry, we do lobster and live coral trout, it’s affected both of those as well as pretty much every other fishing industry in Australia,” she said. “Boats are tied up, they can’t go out, >click to read< 15:25
