Tag Archives: increased demand
Lobster prices are through the roof!
As the country reopens post-pandemic, increased demand for lobster and a squeezed supply caused by a state ban on lobstering to protect right whales has resulted in a price spike of about 60% per live lobster. “If there’s no lobsters coming in, then the demand isn’t being met. Those are the cards,” said South Shore Lobsterman Association President John Haverland. According to business publisher Urner Barry, the retail price of a live, one-and-a-half-pound lobster increased from $5.47 a year ago to $9.05 on June 7 this year. >click to read< 08:41
As fishing industry becomes more lucrative, there’s increased demand for licences, vessels in Nova Scotia
New data from the Nova Scotia Fisheries and Aquaculture Loan Board shows Nova Scotia fishermen are taking out bigger loans to get into the lucrative lobster fishery.,, Brett Nickerson, a 27-year-old lobster fisherman from Cape Sable Island, used money from the loan board to get into the fishery. “I decided if I keep waiting and twiddling my thumbs, then I’m just gonna get older and end up doing it later in life,” he said aboard his boat, Miss Mackenzie, in Port La Tour, Shelburne County. >click to read< 08:00
P.E.I. Fishermen’s Association: Lower catches and increased demand are driving lobster prices up
P.E.I. lobster fishermen are getting about $1 more a pound this year than they did at this time last year. They are getting $5 a pound for canners and $5.75 for market lobsters. Craig Avery, president of the P.E.I. Fishermen’s Association, has heard rumours some fishermen are getting as much as $6 a pound for markets. On Wednesday, grocery stores in Charlottetown were selling live market lobsters from between $9 and $11 a pound. Lower catches and increased demand have driven the price up, he said. Much of the demand is coming from Asia and Europe. Avery credits fishermen, processors and government officials for working hard to promote Island lobster. Link 09:35
