December 22, 2021 — Low production, the ongoing covid-19 health and economic crisis, and a flood of product from Canada are depressing the U.S. commercial swordfish market in the Gulf of Mexico and South Atlantic, according to some industry members.
“Production levels are the lowest they’ve been since the beginning of time,” lamented Scott Taylor, operator of Day Boat Seafood in Fort Pierce, Fla. “There have been no positive developments whatsoever. I have more boats sitting at the dock than I have fishing.”
Taylor cited a litany of hits to the fishery: Covid’s impacts on the restaurant industry which drives U.S. demand for swords; new U.S. government regulations, including gear restrictions and the possible closure by the Biden administration of New England’s fish-rich Northeast Canyons and Seamounts Marine National Monument; a deluge of cheaper product from Canada dumped in U.S. markets recently; rising fuel prices; and a lack of new blood entering the U.S. commercial fishing industry.
Taylor said the average boat price is about $4, which he calls “unsustainable.”