SEA-NL calling on government to review lobster pricing model

SEA-NL is calling on the government to review the way lobster is priced.

Ryan Cleary SEA-NL’s Executive Director said “The lobster-pricing formula pays fishermen as if their catch is being sold in the spring when the lobster may be kept in holding tanks and sold in the fall for much higher prices.”

The lobster price to the inshore fleet in this province is set by a pricing formula that was initially adopted in 2011, when it was generally accepted that lobster purchased one week was shipped out the next.

Last year the province ordered a review of the fishing industry’s collective bargaining model, but the final report made little mention of lobster.