Tag Archives: lobster exports
The value of Canadian lobster exports has skyrocketed driving the wharf price toward a record high
Two weeks ago, at wharfs in Nova Scotia, the price of lobster was the highest it has ever been. Stewart Lamont, managing director of Tangier Lobster Company, a live lobster exporter in Nova Scotia, said the shore price for lobster, the amount fishermen get from buyers, was $18 a pound. That’s more than double the regular pre-pandemic price. It has since gone down due to a drop in exports and higher supply. Lamont said this week lobster was around $12 to $12.50 a pound. While high prices mean more money for lobster exporters and fishermen, Lamont said he is scared that if lobster becomes too expensive, people and businesses will simply stop buying it. >click to read< 10:52
Canadian lobster exports have biggest year ever, topping $3.2B last year
The value of Canadian lobster exports topped $3.2 billion last year, the highest ever and more than $700 million higher than pre-pandemic levels, according to new trade data. Soaring sales of Canadian frozen and processed lobster in the United States during 2021 accounted for most of the increase. “We had a very strong bounce back from the pandemic as people ate premium protein that they bought in grocery stores. They wanted healthy food, they wanted safe food and they wanted a treat. So they buy lobster,” said Geoff Irvine, executive director of the Lobster Council of Canada, an industry trade group. >click to read< 07:57
U.S. lobster set to feed another Chinese New Year as demand booms
The week-long holiday, commonly known as the Spring Festival or the Lunar New Year, is typically one of the busiest times for the U.S. lobster business. Appetite for the crustaceans remains strong in China this year, despite pandemic-related challenges to transportation and logistics, according to U.S. lobster industry members. “I have orders every day. Whether I can get them all on the airplanes every day becomes a question,” Bill Bruns, operations manager at The Lobster Co. >click to read< 08:16
Global Affairs Canada takes no stance on whether lobster exporters should sign Chinese liability form
Chinese customers want Canadian shippers to sign a declaration their lobster is free of COVID-19, and assume liability if it’s detected in China. The stipulation has alarmed shippers like Osborne Burke of Victoria Co-op Fisheries, a Cape Breton company that ships frozen lobster to China. “Absolutely under no condition would we sign anything,” he said. Burke, who is also president of the Nova Scotia Seafood Alliance, does not recommend members sign anything either.,, The province declined comment on the matter Monday. >click to read< 07:52
Nova Scotia Live Lobster Exports to China Hit a Snag
A recent coronavirus outbreak traced to a market in Beijing is disrupting Canadian live lobster exports to China. New testing measures imposed in at least three cities — Beijing, Shanghai and Guangzhou— have led to cancelled lobster shipments from Nova Scotia this week and delays for shipments that do arrive. “We’ve hit a significant snag,” said Geoff Irvine, executive director of the Lobster Council of Canada. “The latest news is that they will continue to do these random inspections, which has effectively caused many of the large shipments to stop.” >click to read< 10:22
Tasmanian lobster, abalone exports at risk as latest COVID-19 outbreak closes Beijing markets – “Australian seafood exports are not being blocked by China [but] authorities there have advised that they may conduct COVID-19 testing on live, fresh, chilled and frozen imports of Australian seafood upon arrival into China,” said chairman Nathan Maxwell McGinn. >click to read< 13:08
Coronavirus: Reverberations from COVID-19 reach Canada’s East Coast and its lobster fishery
Lobster fishermen, like Fralick, are facing a crunch. In the last month, the coronavirus epidemic in China has precipitated a drop in lobster prices. “It dropped from $10.50 all the way down to $6, and now it’s back up to $7,” says Fralick. “That takes all the profit out of it.” Quarantines and lack of restaurant traffic has slowed lobster demand from China. Customer orders have dried up. As a result, fewer cargo planes are making the trip. >click to read< 07:54
Nova Scotia Lobster Exports: ‘Nothing else in our province comes close to it’.
Thousands of kilograms of live Nova Scotia lobster take off from the Halifax Stanfield International Airport everyday, shipped in bulk across the globe, often destined for customers in the United States, Europe and increasingly, Asia.,, However, the future of Nova Scotia’s lobster fishery isn’t as rosy as some would assume. A combination of historic landing rates, lobster politics and tighter regulations could impact fishers across the province. >click to read< 08:27
Value of Maine lobster exports to China on pace to triple for 2016
Live lobster exports to China are on pace to triple in value in 2016, despite the incursion of some new lobster suppliers to the growing Asian market. Final figures for 2016 won’t be known until February, but through November, the value of live lobster shipments from Maine to China climbed to $27.5 million, nearly tripling from the $10.2 million reported in November 2015. That’s roughly half the total export of live lobsters from Maine to date, excluding Canada, where many Maine lobsters are processed and then imported back into Maine for distribution. And those figures don’t include the traditional year-end surge leading up the Chinese New Year on Jan. 28, when Chinese celebrants have been serving up lobster from Maine, Massachusetts and Canada in ever-increasing numbers. Read the story here 08:17
Nova Scotia lobster exports grow! A cargo flight to east Asia that can carry up to 100,000 kg has settled into a weekly schedule
Here, some call them cockroaches of the sea. There, people see them as majestic dragons. China’s appreciation of Nova Scotia lobster is good news for local fishermen who have had trouble getting the past few years’ huge catches to market. Frozen lobster exports have risen exponentially, and the new Korea Air cargo flight helps smooth the way for the higher-priced live exports, said Mike Wolthers, a self-described “cargo travel agent” at Kintetsu World Express Canada. Read the rest here 19:41
