Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Lobster from the Maine coast. (Photo: Stock File/FIS)

Lobster prices take a dive in New England

Click on the flag for more information about United States UNITED STATES
Monday, July 09, 2012, 23:00 (GMT + 9)

Lobster fishers along the Maine and Massachusetts coast are staying home because hauling traps is not worth the paltry prices lobsters are fetching.

A surplus of lobsters and an unusually early shedding season for lobsters has led to prices for small, soft-shell lobsters as low as USD 3.79 a lb in the area, which means fishers are getting as little as USD 2.60 a lb for their catch from dealers.

The soft-shell lobsters emerged about a month earlier than normal. While usually most of those lobsters go to Canadian processors, the latter have been unable to take the Maine catch because Canadian lobster fishers have been bringing in hefty landings themselves, resulting in a backlog.

To make matters worse, soft-shell lobsters cannot be shipped because they are too fragile, so Maine lobsters have a limited geographic market, and this has all resulted in the glut and low prices, Bangor Daily News reports.

Many lobster fishers have either stayed home or gone out but voluntarily slowed down their operations, fishers say, because revenues are not covering expenses.

Fishers hope processing plants will come online in this week or so and push prices up USD 0.50 or USD 0.75 a lb as demand grows to meet supply.

Peter McAleney of New Meadows Lobster, president of the Maine Import Export Lobster Dealers Association, said the dealers were surprised by the market conditions too.

"We never had this happen before; it’s something new," said McAleney. "It was an industry-wide problem. Mother Nature was not playing ball."

He said it is hard to say what will happen next because some abnormally high and low tides currently affecting Maine’s coast are making lobstering somewhat unpredictable. Once that is over, he said, hopefully the processors will be up and running and Maine’s tourist season will help drive up demand for local lobster.

By Natalia Real
editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Australia
Mar 5, 04:50 (GMT + 9):
Accusations voiced against Tasmanian salmon farmers
Costa Rica
Mar 5, 03:10 (GMT + 9):
Authorisation to export shark fins cancelled
Armenia
Mar 5, 02:40 (GMT + 9):
IN BRIEF - State agency: 26 Armenian companies have permission for exporting fish to Russia
India
Mar 5, 02:40 (GMT + 9):
IN BRIEF - Income tax raids on fish exporters in Veraval
Singapore
Mar 5, 02:40 (GMT + 9):
IN BRIEF - Fish farms may move from Changi after mass deaths
Singapore
Mar 5, 02:30 (GMT + 9):
IN BRIEF - Lack of action by AVA to prevent losses of fish farmers
United Kingdom
Mar 5, 02:30 (GMT + 9):
IN BRIEF - Plymouth marine science experts ask: Are there really plenty more fish in the sea?
Singapore
Mar 5, 02:30 (GMT + 9):
IN BRIEF - Mass fish deaths: Supermarkets take measures to ensure safety of supply
Singapore
Mar 5, 02:30 (GMT + 9):
IN BRIEF - Mass fish deaths: Lab test sheds further light on algal bloom
Viet Nam
Mar 5, 02:20 (GMT + 9):
IN BRIEF - Quang Binh's largest fake fish sauce case discovered
Australia
Mar 5, 02:20 (GMT + 9):
IN BRIEF - Tasmanian salmon company Tassal defends its farming practices after leaked emails alleged it was damaging the environment
Australia
Mar 5, 02:20 (GMT + 9):
IN BRIEF - Fish fight brewing as Queensland fishers demand consultation over commercial net-fishing ban
Brazil
Mar 5, 02:10 (GMT + 9):
Severe drought hits tambaqui farmers
Norway
Mar 5, 01:20 (GMT + 9):
Seafood exports drop slightly in February
Canada
Mar 5, 00:30 (GMT + 9):
Salmon frozen to death at three Cooke aquaculture sites



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Scotland's marine reserve benefits fisheries and conservation
United Kingdom The first and only fully protected marine reserve in Scotland is continuing to provide benefits for fisheries and conservation, according to new research by the University of York.
Criticism and fear generate Turkey’s bluefin tuna plan
Worldwide Turkey’s intention to catch up to 73 per cent more bluefin tuna than under an internationally agreed plan has stirred complaints among the European Union, Japan and other nations hunting for the resource.
Supreme Court orders the Xunta to compensate for Pescanova’s subsidiary
Spain Pescanova Group's failed megaproject of farmed turbot continues to generate controversy and court rulings.
Walmart deepens its sustainability plan with a new shopping portal
United States In order to help customers make better decisions when purchasing products, Walmart has launched an online shopping portal that details the ones produced in an environmentally and socially responsible way.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group Headquarter)
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2015 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER