Tag Archives: market uncertainty
N.L. snow crab population remains healthy, though market uncertainty persists
Newfoundland and Labrador’s most valuable fishery may be encountering rough market conditions, and the economic outlook for this year is bleak, but an assessment reveals that snow crab stocks remain strong, a few years after nearly collapsing. “We’ve seen an increase in the last few years in exploitable biomass,” Five years ago, alarm bells were sounding as the biomass shrank to historic lows, resulting in steep quota cuts for commercial harvesters and worries the industry would collapse. Landings hit a 25-year low in 2019. But now industry leaders sound much more upbeat about the health of the stocks. >click to read< 17:27
