Tag Archives: oversupply
‘Tariffs not enough’ to save U.S. shrimping industry
Alan Gibson, president of Tideland Seafood, summed up the frustration at a recent Louisiana Shrimp Task Force hearing in Houma. “Tariffs aren’t enough,” Gibson said. “The decrease in import prices is because of oversupply. They’re competing against each other to sell market share, and we’re fighting them, who are fighting each other.” Gibson called for a 25% import quota, saying it could reduce foreign competition enough to restore balance to the market. David Chauvin, a Louisiana-based seafood company owner, highlighted the disparity. Unlike tariffs, quotas directly limit the volume of imports, addressing the core issue of oversupply. By restricting imports, a quota could help stabilize domestic shrimp prices, allowing U.S. producers to compete more effectively. more, >>CLICK TO READ<< 16:58
Lobsters prices fall. Crates of crustaceans pile up on Cape Breton
There are so many lobsters ready for processing or live sale in some eastern Cape Breton harbours that they’re being stored temporarily in large flotillas of plastic crates. Some seafood buyers have stopped buying altogether and others are implementing daily limits on the amount of lobster they will buy. Fishermen worry the oversupply is driving down the price and while some in the industry say it could be a sign of longer term problems, one buyer says the backlog is evidence that lobster conservation efforts are working, and it will ease off in a couple of weeks. “Our processing facility is maximized daily, seven days a week and our holding facility is pretty darn full as of Saturday night,” said Osborne Burke, general manager of Victoria Co-operative Fisheries in New Haven, northern Cape Breton. more, >>CLICK TO READ<< 11:41
