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


Canada is buying more lobster from the US because it needs enough supply to meet Chinese market demand.

Canada's higher lobster demand will help relieve commercial war with China

Click on the flag for more information about United States UNITED STATES
Tuesday, December 04, 2018, 02:20 (GMT + 9)

In wake of the trade dispute between China and the United States, the American lobster business is getting a lifeline from Canada through the heavy

demand for the resource. 

According to federal statistics and members of the industry, this is a positive sign for US seafood dealers and fishermen, even as the industry struggles with Chinese tariffs, The Press Herald reported.

China emerged as a major consumer of American lobster earlier this decade, but the country slapped heavy tariffs on exports in July amid its trade kerfuffle with President Trump’s administration. As a consequence, lobster exports slowed to a crawl.

Nevertheless, industry watchers forecast the move as a potential calamity for US seafood, but Canada has boosted the value of its lobster imports from the US by more than a third so far this year, up to more than USD 180 million through September.

Canada has its own lobster fishing industry, which harvests the same species as US fishermen, and the country sells lobsters domestically as well as to Europe and Asia.

Members of the sector explain that the country’s importing so many lobtsers from the US this year because it needs enough supply to send to China.

But after the recent opening of the lobster season in the Southwestern area of Nova Scotia, Canada is going to have more resources of its own and this could hit the US lobster industry. 

The US lobster fishing business is based mostly in Maine, where the catch fell by about a sixth in 2017 to a little less than 111 million pounds. 

In a bid to compensate the losses caused by the trade war with China, the Maine Lobster Dealers’ Association is focusing on expanding markets domestically, and in other Asian countries like Singapore, South Korea, Vietnam, Hong Kong and Thailand. 

 “This is a major investment of time and money, on top of the investment that they had already put into developing China over the last 5-10 years,” said Annie Tselikis, Executive Director of the Maine Lobster Dealers’ Association.

 

 

 

Related article: 

Trade war with China could force Maine lobster industry to change its strategy


[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Aug 20, 19:00 (GMT + 9):
Positive experiences from the first salmon production in Atlantis
United Kingdom
Aug 20, 19:00 (GMT + 9):
IN BRIEF - We're taking back our fisheries – and THESE countries won't be happy, says fishing boss
Oman
Aug 20, 19:00 (GMT + 9):
IN BRIEF - Half a billion invested in fisheries projects
United States
Aug 20, 19:00 (GMT + 9):
IN BRIEF - Closure of the Directed Federal Illex Squid Fishery
United States
Aug 20, 08:00 (GMT + 9):
prices and markets for imports of catfish fillets (pangasius)
Japan
Aug 20, 08:00 (GMT + 9):
Prices and markets of Japanese imports of bigeye tuna
Russian Federation
Aug 20, 07:10 (GMT + 9):
Alaska Pollock local production boost would reduce China offer to other markets
Spain
Aug 20, 07:00 (GMT + 9):
Underwater drone developed to transport shark alevines
Viet Nam
Aug 20, 01:30 (GMT + 9):
Shrimp boosted seafood exports figures during July
Chile
Aug 20, 00:00 (GMT + 9):
Russian trawler operating in international waters will export from Chilean port
Germany
Aug 19, 17:00 (GMT + 9):
Food Ingredients: The future industry of the 21st century
United States
Aug 19, 16:20 (GMT + 9):
Official data on production, prices, markets and destinations of Alaska Pollock surimi
Norway
Aug 19, 00:20 (GMT + 9):
Official data on markets and prices of Atlantic salmon exports
United States
Aug 19, 00:20 (GMT + 9):
Official data on cumulative catches of salmon in Alaska
Japan
Aug 19, 00:10 (GMT + 9):
Prices and markets | Official customs data for import of herring roe



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Trump's idea of ​​buying Greenland could change the fishing map of Europe
Greenland Trump sets his eyes on Greenland: twice the size of Alaska, it would be his legacy to 'make America great' Donald Trump has discussed trying to buy Greenland from Denmark as a way to expand US territ...
Unmanned Aerial Vehicle (UAV) is the new proposal solution to combat IUU
Germany IUU fishing is a massive and often organized crime business that generates up to USD 26 billion p.a. wordwide. Accordingly diverse are the illegal methods and the applied tricks for their concealment....
Columbia seafood processor admits selling falsely labelled foreign crabmeat
United States A Columbia seafood businessman pleaded guilty in federal court in New Bern, North Carolina, on charges that his company, Capt. Neill’s Seafood Inc., at his direction, falsely labeled millions of...
Devaluation of the Argentine currency benefits Galician fishing companies
Spain The fall of the Argentine currency reduces its operating costs, but the sector fears that if the government changes, the fiscal pressure will rise. What does the devastating electoral defeat suffer...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
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)
AquaChile S.A. - Group Headquarters
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
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)
Mowi ASA (formerly 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 - Headquarters
Cooke Inc. - Group Headquarters
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
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
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER