May 24, 2018 — The state of Maine, U.S.A., has surpassed USD 21 million (EUR 17.8 million) in total value for its elver fishery as the price-per-pound for the baby eels remains at an average of almost USD 2,400 (EUR 2,000).

The season, which kicked off on 22 March, still has time to increase that total before its closure on 7 June. However, 2018 is already proving to be a banner year for the fishery, as the season opened to record high prices that continued to stay elevated.

Those prices were attributed to a number of factors, including reports of low catch totals of japonica eels – the variety caught in Japan – and the complete ban on all exports of European Eels. The European Union recently began an evaluation of its EU Eel Regulation to determine the next step in conservation.

Read the full story at Seafood Source