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
Chile
Aug 1, 03:40 (GMT + 9):
Seaweed exports feature higher volume and better price
United States
Aug 1, 02:50 (GMT + 9):
IN BRIEF - New use for shrimp shells explored
Thailand
Aug 1, 02:50 (GMT + 9):
IN BRIEF - Supermarket giants in Thailand for prawn slavery talks
United Kingdom
Aug 1, 02:50 (GMT + 9):
IN BRIEF - The Green Party is calling on members and supporters to sign the petition produced by the Alliance to Save Our Antibiotics
United Kingdom
Aug 1, 02:50 (GMT + 9):
IN BRIEF - Bloody red shrimp found in Northern Ireland waters
Australia
Aug 1, 02:50 (GMT + 9):
IN BRIEF - QBFP ramps up inspections to safeguard fishing industry
Thailand
Aug 1, 02:50 (GMT + 9):
IN BRIEF - Thai Airways bans shark fin from cargo flights
Netherlands
Aug 1, 02:50 (GMT + 9):
EU aquaculture boosted through research into emerging species
United States
Aug 1, 02:10 (GMT + 9):
Cargill launches new tool to fight EMS
United States
Aug 1, 01:20 (GMT + 9):
Deep-sea octopus incubates its eggs during more than four years
New Zealand
Aug 1, 00:30 (GMT + 9):
Fisheries Bill on foreign charter vessels passed
United Kingdom
Jul 31, 23:50 (GMT + 9):
Scottish call to stay firm over sanctions against the Faroes
Portugal
Jul 31, 23:30 (GMT + 9):
Uncertain future for Pescanova’s turbot plant
Canada
Jul 31, 22:40 (GMT + 9):
NL lobster company to enhance operations
European Union
Jul 31, 22:10 (GMT + 9):
Part of European fleet may continue fishing in Mauritania



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Bigeye tuna fisheries worsening, new assessments show
New Caledonia New assessments on the status of key regional tuna stocks recently released by the Secretariat of the Pacific Community show that bigeye has now been reduced to less than 20 per cent of its unfished stock size.
Jealsa has an eye on Brazil
Spain The Spanish company Jealsa Rianxeira aims to lead the canned fish sector in Brazilian territory by building a 100,000 square metre plant and generating a thousand jobs.
ASC products becoming popular in Netherlands, Germany
Netherlands ASC certified products are growing in recognition and popularity in the Dutch market, and gaining ground in Germany, according to a new report commissioned by the organisation.
Alaska fisheries at risk from ocean acidification, NOAA-led study shows
United States Ocean acidification is driving changes in waters vital to Alaska’s valuable commercial fisheries and subsistence way of life, according to new NOAA-led research that will be published online in ...
 
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
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 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER