Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
MoreBack to News Headlines
Another tie-up could have serious implications for crab fishery, seafood analyst warns

Another tie-up could have serious implications for crab fishery, seafood analyst warns

CBC
Friday, April 5, 2024 7:19 AM GMT

A seafood industry analyst says he doesn't see any immediate financial benefit for Newfoundland and Labrador's fishery by delaying another crab season — but says the ongoing dispute could actually pay off in the future. 

Crab harvesters in the province remain committed to not fishing under a pricing formula set at a minimum of $2.60 per pound. In a news release on Tuesday, the Fish, Food and Allied Workers union said its members cannot fish under that price formula, chosen by the province's price-setting panel. 

The crab season is set to begin in some areas on Saturday.

But as the situation remains in limbo, Boston seafood analyst John Sackton told CBC News a delay to this year's season will likely take away from both harvesters and processors in the province, while also inflating the fishery in the Gulf of St. Lawrence.

"That price is going to shoot up, beyond what the market can take, and buyers are going to lock in product," Sackton told CBC Radio's The Broadcast Thursday.

"Then when they turn around and the Newfoundland product is being offered to them, they're going to say 'we don't need it,' and so that price is going to go down."

But there are some possible bright spots for the future and the ground work happening now could lead to success down the line, Sackton said.

"There's been a lot of turmoil in Newfoundland, but I think what's emerging in the crab industry is something that's actually going to move things forward," he said.

"Just the fact that there's a standoff right now over two formulas isn't terrible in my mind. I mean, I think the most important thing is that the province and the parties will agree that they have to have a price formula going forward in the future."

Sackton expects smooth sailing between harvesters and processors to take more than one season before both sides will reach a formula they can agree on. 

In his past experience, working on a formula for processors and harvesters in Alaska, he said it took three to four years of work before a positively received formula was reached that was "untouchable for 15 or 20 years."

He said the most important work to come will be addressing the level of suspicion felt by fish harvesters that's leading them to not trust the prices they receive from processors.

"I think that as the formula evolves over the next couple years, the proposals that the FFAW put forward have some of those elements. Like an audited price report, for example, those things can actually build trust," he said.

"You end up with all parties, the harvesters and the processors, working to get the best market advantage they can."

Read full story on CBC
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
P.E.I. pitches 7 'nation-building' projects to Ottawa at first ministers' conference

P.E.I. Premier Rob Lantz is pitching seven so-called "nation-building" projects at the first ministers' conference in Saskatoon on Monday.

Alberta developer faces Consumer Protection Act charges over return of life lease fees

The head of an Edmonton property development company that owes hundreds of seniors money from life lease contracts is now facing charges under Alberta's Consumer Protection Act.

Hamilton non-profit marks 5 years of support for Black-owned businesses, hopes to make bigger impact

A non-profit organization that supports Black-owned businesses in the Hamilton area celebrates its fifth anniversary this week, and one of its leaders said the group wants to make an even bigger impact in Ontario and Canada.

Cops search for suspect after they say man was stabbed, robbed in Windsor alley

Windsor police are looking for a male suspect after they say another man was stabbed and robbed in an alleyway in the city's downtown.

From outbreaks to mass casualty events, Alberta's health system preps for G7 summit

Alberta's health system is being prepared for a variety of scenarios, including disease outbreaks and mass casualty incidents, ahead of the G7 leaders' summit in Kananaskis later this month.

Peguis First Nation uses its disaster expertise to help northern Manitoba fire evacuees

When news broke that a massive evacuation was needed to protect people from wildfire, Peguis First Nation stepped up. 

In the centre of Ontario's drug crisis, Fort William First Nation fights for new facility

After declaring a state of emergency over its toxic drug crisis last summer, Fort William First Nation hasn't stopped advocating for more resources for its members.

Government accountability watchdog calls for end to free concert tickets for city councillors

A democracy watchdog is questioning the practice of municipal governments receiving free tickets to events hosted at public venues, following a CBC News investigation.

Premiers seem cautiously optimistic as they prepare to pitch major projects to Carney

There was cautious optimism in the air as provincial and territorial premiers began arriving in Saskatoon to meet with Prime Minister Mark Carney.

Black hiker calls on others to join him on walk to northern end of the Underground Railway

For years, Ken Johnston has hiked Black heritage trails across the U.S., retracing the steps of civil rights pioneers and the freedom seekers who fled slavery and made the long journey north.

Making sense of some of the evidence in the Hockey Canada sexual assault trial

WARNING: This article references sexual assault and may affect those who have experienced​ ​​​sexual violence or know someone impacted by it.

Cartoonist brings Labrador childhood to life in 'visual memoir'

An artist is putting pen to paper to revive his boyhood memories of growing up in Labrador, filled with berry picking, firefighting and hijacking.

Exhaustion sets in as search for N.S. kids approaches 1 month

Almost a month into the search for two missing Pictou County children, searchers are beginning to wear out mentally and physically.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
Teen wanted after escaping custody in Brampton, police say

Toronto police are searching for a 17-year-old who they say escaped from youth detention facility in Brampton last week.

With 710 measles cases now confirmed in Alberta, this marks the worst year since 1986

Alberta has now confirmed 710 measles cases so far this year, according to new data released Monday, surpassing the 690-case mark set in 1987.

Toronto firefighters rescue 2 workers from trench after construction site accident

Two male construction workers were taken to a hospital after being rescued from a trench following a construction site accident, Toronto Fire Services say.

Cree rider travels coast to coast, visiting Indigenous communities along the way

What started as a personal adventure during goose break — a spring holiday in many Cree communities — turned into something more revealing for Cree motorcyclist Paul John Murdoch.

Deal struck for new hotel with approximately 320 rooms at Calgary's Stampede Park

A new hotel with approximately 320 rooms is set to be built at Calgary's Stampede Park, the Calgary Municipal Land Corporation (CMLC) announced Monday.

Ford government to limit debate on controversial Bill 5, among other legislation

Ontario Premier Doug Ford's government is moving to shut down debate on its most controversial piece of legislation this session, one of a plethora of bills getting the fast-track treatment before the legislature rises for a summer break.

Flin Flon wildfire situation 'a timebomb' but so far no structures lost, mayor says

The wildfire gnawing at the edge of Flin Flon is being fought by some 200 firefighters, but the battle is really in the hands of Mother Nature, the mayor says. 

It's Pride Month. Here's what drag performers in St. John's are thinking about

On the first day of Pride Month, Quidi Vidi Brewery in St. John's was filled with rainbow flags, loud pop music and dancing drag performers during its brunch hour.

Dentists praise Canadian Dental Care program, but also express concern over influx of new patients

A northern Ontario dentist says the Canadian Dental Care Plan has generally been positive, but he worries it could cause issues meeting higher demand for dental care over the long term.

Hospital alleges its floors aren't flat, files $100M lawsuit against builder

Humber River Health is suing the consortium contracted to build and maintain its Toronto hospital for $100 million, alleging that negligent design and construction is creating health and safety problems for patients and staff.

1 exam, 50% of final grade. Students say Quebec must follow rest of Canada and change 'unfair' system

As students across the province get ready to write their ministerial exams, the pressure is high — and so are the stakes.

What to expect from the first ministers' conference in Saskatoon

When premiers from across the country gather with Prime Minister Mark Carney on Monday in Saskatoon, it will be a historic day for the province. 

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us