South Korea: The price of lobster from Canada will increase from next year

Published 2022년 10월 4일

Tridge summary

The article highlights the anticipated increase in the price of Canadian lobster for the upcoming year, with the impact of the Canadian Department of Oceans and Fisheries' restrictions on herring and mackerel catches being a key factor. These restrictions, aimed at protecting declining fish stocks due to climate change and overfishing, have led to a reduction in the permissible catches of herring and mackerel, essential for lobster fishing. The decrease in herring and mackerel availability is expected to affect lobster fishing operations, particularly in light of the limited stockpile of frozen herring and mackerel for bait. The Canadian government is currently discussing the issue with suppliers of artificial baits to address the concerns of fishermen.

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Original content

It is predicted that the price of lobster from Canada may rise from next year. According to the Mermaid Pirates, a platform specializing in aquatic products, the restrictions on herring and mackerel catches announced by the Canadian Department of Oceans and Fisheries (DFO) are expected to affect the price of lobster next year. As the permissible catches of herring and mackerel, which are essential for catching lobster, have decreased, lobster fishing has also been put on hold. Atlantic herring and mackerel catches have declined sharply over the past 20 years due to climate change and reckless overfishing. Accordingly, the Canadian federal Ministry of Oceans and Fisheries has reduced the allowable herring catch from 22,500 tons in 2020 to 10,000 tons this year to protect fish stocks. "According to local media, the amount of frozen herring and mackerel currently stockpiled for bait can only be used until the beginning of next year," said ...

Source: Fisheco