Canada: Lobster supply and demand, price volatility and challenges in markets

Published 2024년 11월 29일

Tridge summary

The Atlantic Canada lobster industry is facing challenges such as climate impacts, market access issues in the US, Europe, and Asia, and economic situation in China. Despite these challenges, the industry remains economically important and continues to be better organized. The Lobster Council of Canada is investing in targeted marketing activations and has received grants and contributions from the provinces and members. The industry is also looking into new initiatives such as the Lobster Council of Canada Year in Review. The US, China, and Europe remain the key markets for Canadian lobster.

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

Original content

It’s never smooth sailing for the Atlantic Canada lobster industry. Each year there are issues and challenges to contend with. The weather and catches are beyond anyone’s control. But the one constant is how important this industry is economically to the region, and to the communities that rely on it. Tasked with such things as marketing and advocacy of the industry is the Lobster Council of Canada. In this Q&A, the council’s executive director, Geoff Irvine, talks about the industry, the upcoming lobster season in southwestern Nova Scotia, and the challenges that continue to stack up on the menu. Q: How does the fall opening of the LFA 33 and 34 districts look in comparison to previous seasons? A: Since the peak landings in LFA 33 and 34 in 2016 we have seen a continuous decline in landings in southwest Nova Scotia and New Brunswick and an increase in landings in the northern part of the range (Cape Breton, Gulf, Newfoundland and Quebec). This has also meant a change from higher ...

Source: Saltwire