Tag Archives: Chinese exports
Coronavirus affecting Maine fisheries
As of early Wednesday morning, the Maine Center for Disease Control and Prevention had yet to report a single confirmed or presumed case of COVID-19, the respiratory infection caused by the coronavirus, in eastern Maine, but the lobster industry is already feeling the impacts of the global pandemic. “The market is really poor,” Stonington lobsterman Hilton Turner said Tuesday afternoon.,, The uncertainties arising from the coronavirus will likely affect other fisheries. The state’s elver fishing season opens on Sunday, and virtually the entire harvest is shipped to buyers in China. >click to read< 10:19
Many US lobster companies coping well with tariff impact
As the trade war between the United States and China continues, with indications that it may escalate even further, most U.S.-based lobster companies have seen their exports to China fall dramatically. Despite the decrease, many companies say the market for lobster is still strong enough to keep the impact to their companies at a minimum. Some companies that never invested heavily into Chinese exports said 2018 has been a better-than-average year. >click to read<12:36
