Tag Archives: lack of demand
Do you think your seafood is cheaper? It is. The Coronavirus pandemic caused a drop in demand
The ongoing pandemic has impacted nearly every aspect of life on the South Shore, including the commercial fishing and lobster industries. “It’s hurt them big time,” said retired Cohasset fisherman Matt Marr. “There are so many things that factor in. Most of the restaurants are closed, hotels are empty, casinos are empty, cruise ships don’t exist anymore. Those places bought a lot of lobster. So, their markets have definitely diminished.” Reduced business at restaurants has caused a significant drop in demand, said Tommy Alioto. The pandemic didn’t affect lobstermen’s ability to do their job, but the low demand caused an excess of inventory and a drop in price. >click to read< 15:30
Cape Breton lobster fishermen struggle – ‘This is the first year I had to tell my fishermen I couldn’t move their product,’
There is a lack of demand due to the COVID-19 pandemic. As a result, the price for lobster has dropped to $4.25 a pound. In some areas, buyers are restricting the amount they purchase from fishermen. Marlene Brogan, the manager of Ballast Grounds Fisheries, a lobster buyer in North Sydney, said they’ve had to tell fishermen they can’t buy their catch some days. “We’ve been in business 21 years and this is the first year I had to tell my fishermen I couldn’t move their product,” said Brogan. She said there have been many days the fishermen at their wharf haven’t gone out to fish. >click to read< 14:19
