Tag Archives: price talks have broken off
N.L. protest cause rooted in price-setting systems for fishers and processors
The protest that erupted Wednesday outside the legislature in Newfoundland and Labrador has its roots in a complex, years-long struggle between independent fish harvesters and processors over the price-setting system, industry observers say. Sean Cadigan, a professor of history at Memorial University, said in an interview Thursday that one underlying factor in the tensions is the plunge in prices for snow crab, the province’s most valuable seafood export. From highs of over seven dollars per pound during the pandemic, the price fell to about two dollars per pound last year, creating hardships for harvesters at a time harvesters’ expenses are rising. He said that has combined with long-standing suspicions that harvesters have toward the small group of companies that dominate fish processing in the province. more, >>click to read<< 07:40
Snow crab price talks have broken off, FFAW says
Protest leader John Efford Jr. grabbed a megaphone Thursday to told the crowd that negotiations for a new crab price-setting formula had broken off ahead of the upcoming season. “There’s no agreement to be made,” he told the cheering crowd. “And how can you make an agreement when you’re trying to make an agreement with a colluded cartel that has the support of the government?” While the price-setting process has been controversial in the past, it hasn’t been at the core of the protests outside the province’s legislature this week. The Fish, Food & Allied Workers union and the Association of Seafood Processors have been working with the provincial government to establish a new formula to determine the price. more, >>click to read<< 17:12
