Tag Archives: plummeting prices
Louisiana Shrimpers face crisis as cheap imports threaten $1.3 billion industry
Louisiana’s shrimp industry, an essential part of the state’s economy and cultural identity, is under serious threat. A flood of cheap imported shrimp is driving prices to record lows, leaving local shrimpers fighting to survive. Without swift action, this generations-old way of life could vanish, taking with it jobs, traditions, and a vital piece of Louisiana’s coastal economy. Family-owned shrimping businesses, often passed down through generations, are struggling to stay afloat. The combination of plummeting prices and rising costs is forcing many to consider leaving the industry altogether. The potential collapse of the shrimping industry would devastate coastal towns like Grand Isle, Delcambre, and Pointe à la Hache, where much of the local economy depends on shrimping.
more,>>CLICK TO READ<< 08:52
Maine elver fisherman dealing with lower eel prices during the coronavirus crisis
Elvers were often worth less than $200 per pound until 2011, when international sources of the eels dried up and the Maine price jumped to nearly $900 per pound. They’ve been worth more than $800 every year since, and hit a high price of more than $2,360 in 2018. Some fishermen call the elvers “wriggling gold,” but this year, the catch is only selling for about $500 per pound. Industry members are blaming concerns about the coronavirus for the plummeting prices. “We’re just going to the river and we’re going straight home,” said Julie Keene, an elver fisherman from the Lubec area. “Price is a lot less than normal. I think we’ve been greatly affected.” >click to read< 10:25
