It is upsetting to read headlines on the CBC – Lobster prices two dear: processors. The pricing panel set the starting price at $4.26 per pound, which processors say they will not buy and will lose money. It was only last season this same group of processors could not afford to buy crab at $1.35 per pound set by the pricing panel. Fogo Island Co-op was the only company willing, and they got dispelled from the association. Yet in Nova Scotia crab could be purchased at $1.85 per pound.
Is it our closed marketplace? The few processors have a monopoly? Should we look at changing the legislation? Having a free market and allowing outside buyers?
Lobster is a delicacy and no harvester can continue to make a living at the low price of $3.00 or $3.25 per pound, especially with escalating operating costs. My father was a small boat fisher, catching lobster. The price 15 years ago was higher than what it has been in recent seasons.
I remember passing the seafood section in London, England in 2007. The price of lobster fo 16.00 GBP or about $34.00 CDN. I purchased a lobster tail on a beach stand for $9.00 CDN. If you go fine dining lobster ranks up there with the fine cuts of beef.
Why have we devalued the lobster? Are we failing to market our quality products and getting into more value-added? And why are we unable to pay the harvester a fair price? Something has to be done to ensure more certainly and better management of the fishery. Hon. Clyde Jackman, Fisheries Minister for the Province needs to work with newly elected Federal counterparts and all stakeholders.
The fishery continues to be the backbone of the rural economy. We must implement corrective measures to ensure that our rural communities can continue to remain sustainable. The amount of dollars may be small to many of these larger producers but every cut to fish species and reduction of price has resonating impacts to Rural Newfoundland & Labrador economies.
Together we can make great change for brighter tomorrows.
Christopher C. Mitchelmore