Tag Archives: Victoria Co-operative Fisheries
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
Atlantic Canada snow crab fishery hopes for another banner year
But concern over high fuel prices, fear of U.S. recession dampens hopes for one Nova Scotia processor. The snow crab fishery in Atlantic Canada is gearing up in hopes of another banner season in 2022, buoyed by expectations of more quota, high prices and less competition from rival nations. But will rising inflation, especially in the United States, and uncertainty over the war in Ukraine dampen the spectacular returns in 2021 when the fishery was valued at nearly a billion dollars? >click to read< 10:04
Bernadette Jordan says harvesters have requested delays, and resists calls to shut down lobster fishery
The federal fisheries minister is resisting calls to close the Atlantic Canadian lobster fishery down completely this year in response to COVID-19. The pandemic shut down the market for luxury food on cruise ships and in restaurants, leading to the collapse of sales in Asian markets and leaving a glut of inventory that has increased with the lobster fishery ongoing in southwestern Nova Scotia.,, “There have been a handful of delays that have been asked for, but at this point the plan still is to open all fisheries.” >click to read< 15:18