March 6, 2020 — Lobsters and sea scallops continued to top Northeast fisheries in value during 2019 – with oysters more modest in volume but rapidly gaining as a growth sector.
On the downside, it looks like tough times for herring will continue into 2020, and there’s no return in sight for Maine’s northern shrimp fishery.
WINNERS
Lobster: Although catch dropped by more than 15 percent this season, the commercial lobster fishery still hauled in 100 million pounds, according to Maine’s Department of Marine Resources. While that marks a 20 million-pound drop from 2018, many still feel positive about the industry’s trajectory over the past decade — after all, the 2019 catch is still above historical averages. Early on, worries about bait availability, right whale protections, trade deals with China, and a potentially larger drop in catch had the industry on edge, for good reason — lobster is worth more than $450 million to Maine’s economy.
“After a very slow start, the harvest numbers increased in the late fall and winter, and from deeper water and farther offshore,” said Steve Train, a lobsterman from Long Island, Maine. “Whether this is a one- or two-year thing because of cold springs and late sheds, or the beginning of a trend where the resource is shifting because of a change in climate, is still to be determined. But one thing appears obvious: The resource is healthy.” Export of lobster to China dipped by 46 percent after a tariff was imposed in 2018, and the coronavirus outbreak further disrupted the trade in lobsters from the U.S. and Canada.
Oysters: The taste for oysters seems to have no end in sight, and 2019 was no exception. The East Coast Shellfish Growers Association Executive Director Bob Rheault said that along the Atlantic coast “farmed oyster production has doubled in the past five years. There has been some consolidation — bigger firms buying smaller ones, and lots of new entrants” with most farms aiming to increase production. Despite half a decade of increased East Coast production, prices have trended up slow and steadily. The association estimates the total East Coast oyster industry is valued at $90 million, although many states lack good data. Rheault says raw bars are hot.