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


Maine lobster. (Photo: Roberto Rodriguez)

Low catch and strong sales are rocketing lobster price

Click on the flag for more information about United States UNITED STATES
Tuesday, January 10, 2017, 23:50 (GMT + 9)

The low winter catch in New England and Canada, coupled with increased exports to China, are driving lobster prices up.

On the one hand, the bad weather is slowing down winter catch, which is typically a slow season for U.S. lobster fishermen and a generally active one off Atlantic Canada.

At the same time, there is increasing demand for American lobster in China, especially at this time, when the Asian country celebrates its New Year on 28 January.

American consumers were already paying prices higher than in the previous year, from USD 9 to USD 11 per pound for a live lobster in September. However, now prices have moved up to USD 13 per pound.

In the last three years, lobster sales to China generated about USD 85 million in revenue, amounting to about 12 million pounds. The lowest level of export was in 2010, when China only imported less than one million pounds, Associated Press reported.

According to federal records, US fishermen have caught more than 100 million pounds of lobster for seven years in a row after having never accomplished that achievement previously.

Lobsters were worth a record of more than USD 600 million at the docks in 2015, official records indicate.

[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
May 25, 23:10 (GMT + 9):
Norwegian salmon hikes led by supply drop and demand growth
Spain
May 25, 23:00 (GMT + 9):
ARVI hope that the delivery of FEMP funds will be unblocked
United States
May 25, 22:00 (GMT + 9):
Eating more seafood could speed up pregnancy
United Kingdom
May 25, 20:20 (GMT + 9):
New eDNA method presented to monitor aquatic diversity
Argentina
May 25, 20:00 (GMT + 9):
INIDEP recommended closing the illex squid fishery
United States
May 25, 19:50 (GMT + 9):
First squid fishery to attain MSC standard
United States
May 25, 19:50 (GMT + 9):
Invasive seaweed could affect fish behaviour
Worldwide
May 25, 19:00 (GMT + 9):
New study: the octopus could have an extraterrestrial origin?
Chile
May 25, 03:00 (GMT + 9):
Patagonian salmon price grows and scares Nordic investors
United Kingdom
May 25, 02:40 (GMT + 9):
Post Brexit fishing policy does not seem to stop fishing investments
Spain
May 25, 01:00 (GMT + 9):
Spanish oceanographic vessel starts fisheries research in the Grand Banks of Newfoundland
Norway
May 25, 00:30 (GMT + 9):
Cermaq achieves high survival rates in Q1, with less antibiotics
Taiwan
May 24, 23:40 (GMT + 9):
Taiwanese fishing industry labour abuse continue, Greenpeace claims
Chile
May 24, 23:30 (GMT + 9):
Navy makes statement on salmon dumping ruling
Norway
May 24, 22:00 (GMT + 9):
Salmon price status at week 20



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Taiwanese fishing industry labour abuse continue, Greenpeace claims
Taiwan New evidence shows that there are still abuse against human rights in Taiwan’s international fishing fleet. This situation stains major seafood trader Fong Chun Formosa Fishery Company, according to Greenpeace.
New study: the octopus could have an extraterrestrial origin?
Worldwide The ability of octopuses to mutate their RNA has kept scientists intrigued for years and now, a group of researchers believe they have the answer: space. In a publication of the journal Progress in Bi...
First squid fishery to attain MSC standard
United States The US Northeastern longfin inshore squid fishery in the Northwest Atlantic is the first squid fishery in the world to achieve Marine Stewardship Council certification as a sustainable and well-managed fishery.
Invasive seaweed could affect fish behaviour
United States The change in the seascape from kelp habitats to lower turf-dominated seaweed species may impact the behaviour of fish and could be leaving them less options for refuge and more vulnerable to predator...
 
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+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
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 - 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.
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-
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. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
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 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER