Tag Archives: Tom Valleau
Portland Fish Exchange’s future murky as sales plummet
The future course of the Portland Fish Exchange is deeply uncertain but will likely be set this fall. The exchange, which was opened by the city in 1986, has provided nearly daily auctions of fish on the Portland Fish Pier. It was seen as a solid market-based alternative to the long-standing system that saw many fishermen turn their catch over to pier owners, who then trucked the fish out of state and tried to get a good price for them in markets elsewhere in New England or in New York. Last year, it hit rock bottom, with only 1.4 million pounds of fish auctioned. Some daily auctions were canceled because there simply wasn’t enough cod, haddock, flounder and halibut to attract commercial buyers. >click to read< 09:15
Portland Fish Exchange seeks a bailout – If it closes, it could be the death knell for the groundfish industry in the state
The Portland Fish Exchange, the city-operated fish auction, is losing about $30,000 a month and is asking another city agency to help bail it out through the middle of next year. The daily auction, where fishermen sell their catch to buyers from seafood wholesalers and processors, has cut losses somewhat over the past few years and has made slight adjustments to cut expenses, said Tom Valleau, chairman of the Fish Exchange board. But fish landings plummeted this summer, mostly likely the because of disruptions caused by the pandemic, and the losses accelerated, Valleau said. >click to read< 10:59
