The Canadian lobster industry is facing dual pressures from China and the United States, and the peak of the production season is coming...

Published 2025년 3월 12일

Tridge summary

Canadian lobster exporters are facing a challenging situation due to tariffs imposed by both the United States and China, their largest markets. In 2024, China imported 18,095 tons of live lobsters from Canada, and the United States imported over 44,000 tons. The tariffs have led to uncertainty and potential significant financial impact on both exporters and fishermen. Canada's new prime minister may negotiate with China to remove the tariffs. Meanwhile, the current government needs to address the issue quickly as an election approaches. The article also discusses the potential increase in supply and the effect on prices, noting that the market price of live lobsters is assessed daily.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On March 10, Stewart Lamont, general manager of Tangier Lobster, a Nova Scotia exporter in Canada, said in an interview with UCN: "We will soon face a very complicated situation. China and the United States, the two largest markets, will take tariff actions against Canada at the same time. Canadian lobsters have been hit hard, which has never happened before." Nat, executive director of the New Brunswick Lobster Processors Association of Canada Richard added: "The impact of tariffs is huge, both for exporters and fishermen. The feeling of the two major markets of the United States and China is not stable, and our exports face too much uncertainty." UCN data shows that China imported 18,095 tons of live lobsters from Canada in 2024, worth 380 million Canadian dollars (263 million US dollars); the United States is Canada's largest lobster export market, with sales of more than 44,000 tons last year, worth 1.4 billion US dollars. About 40% of Canada's live lobsters are caught in ...

Source: Foodmate