Tag Archives: strong demand
Lobster prices at the wharf hit $18 a pound in Nova Scotia
Low catches, low inventory and strong demand are driving the price increase in lobster fishing areas from Halifax to Digby. “It’s surprising, I don’t think anyone expected $18 a pound when the season opened,” said Heather Mulock of the Coldwater Lobster Association, which represents lobster fishermen in southwest Nova Scotia. “There were not a lot of catches and that is reflected in the price.” In Halifax, Sobeys is selling live lobster for $18.99 a pound. Buyer Stewart Lamont of Tangier Lobster fears the high price could bump the crustacean off restaurant menus. more, >>click to read<< 14:32
Record high prices, strong demand for Canadian snow crab bodes well for Alaska
The top executives of Royal Greenland and Ocean Choice International (OCI) noted demand has remained strong for Canadian snow crab in 2017, despite record-high prices caused by reduced supply from the Newfoundland and Labrador fishery. In April, Canada’s Department of Fisheries and Oceans (DFO) cut the 2017/2018 total allowable catch (TAC) for the Newfoundland and Labrador fishery 22% year-on-year — to 35,419 metric tons — causing prices to increase to record levels of over $8 per pound (for 5-8 ounce size crab) during the season, sources said. The Newfoundland season started on April 6 and finished between May and August, depending on the area. click here to read the story 18:38
