Saving Seafood

Final 2019 Maine lobster harvest landings were better than first feared

January 28, 2020 — Despite all of the concerns expressed about the 2019 Maine lobster harvest, landings improved at the end of the year and weren’t as bad as feared, Sheila Adams, vice president of sales and marketing and co-founder of processor Maine Coast, told attendees at the National Fisheries Institute’s Global Seafood Market Conference last week.

Though lobster can be harvested all year off the coast of Maine, the season typically picks up in earnest in July and August. So many in the industry were made nervous in November when Maine harvesters were widely reported as saying they believed their landings were going to finish 2019 between 30% and 50% lower than the 2018 season total (about 54,000t).

Based on Urner Barry estimates, shared at the event, the 2019 harvest in Maine was not quite as bad as that, garnering about 43,226t, down 21% from the year before. The state of Maine’s Department of Marine Resources never publishes its official tally for the previous year’s lobster harvest until March, so it will be a while before the final numbers are known.

Read the full story at Undercurrent News

Maine’s lobster exports to China plunge 84 percent due to trade war

May 16, 2019 — The latest data from the Maine International Trade Center indicates that the state’s lobster exports to China plunged dramatically in the wake of retaliatory tariffs placed on a wide range of U.S. goods.

The tariffs, implemented in July 2018, had an immediate affect on the state’s lobster industry. Prior to the tariffs, Maine had been on track to have a record-setting year, with USD 87 million (EUR 77.8 million) worth of lobster exported through June 2018, over double the USD 42 million (EUR 37.5 million) shipped through the same period in 2017.

Soon after tariffs were implemented, however, Maine’s exports to China nearly disappeared completely, and according to the latest data from the MITC exports have plunged nearly 84 percent since the tariffs were implemented.

The latest talk on the trade front doesn’t point to any improvement in those numbers any time soon. U.S. President Donald Trump threatened and then implemented further tariff increases on 10 May. In response, China fired back with its own increased tariffs, including additional tariffs on a number of seafood products.

Despite the threat of escalation, for many lobster exporters, the damage has already been done. Whether the tariffs increase or not, most of the business had already dried up.

“Retaliatory tariffs, or a move upward to 25 percent, doesn’t really change anything for U.S. exporters to mainland China,” Sheila Adams, the vice president of sales and marketing for Maine Coast Lobster, told SeafoodSource.

Read the full story at Seafood Source