Saving Seafood

China’s ongoing COVID lockdowns threaten Maine’s baby eel season

March 22, 2022 — Warm weather this spring may boost catches of lucrative baby eels in Maine, but the ongoing effects of the covid pandemic still could hamper the global availability of the popular seafood item.

An abundance of eels during Maine’s 11-week elver season, which starts Tuesday, may not be able to overcome pandemic-related difficulties in shipping the eels to eastern Asia, where most elvers caught in Maine are raised to adulthood in aquaculture ponds in China and then sold into the enormous Japanese seafood market.

“As of now, the biggest challenge facing the industry this season will be the logistics of getting eels to their ultimate destinations,” said Mitchell Feigenbaum, a major distributor of Maine eels. “A severe COVID outbreak in Hong Kong combined with strict import controls have created great uncertainty in the market as the season prepares to open.”

China has maintained a “COVID zero” policy that in recent weeks has resulted in the country locking down areas where outbreak of the disease are detected, which potentially could inhibit the ability to ship Maine elvers to Chinese aquaculture sites. Because elvers have to be shipped live, the possibility of shipments being delayed and elvers dying en route can make things “very risky” for dealers, Feigenbaum said.

Read the full story at Bangor Daily News

Baby elvers rocket back up in value in Maine

April 21, 2021 — Tiny baby eels are worth big bucks again in Maine.

The state is home to the U.S.’s only significant fishery for the baby eels, which are called elvers, and it’s taking place right now. Prices tanked last year due to disruption to the worldwide economy caused by the onset of the coronavirus pandemic.

This year, the fishery is experiencing a return to normalcy. The tiny, wriggling fish are worth $1,634 per pound to fishermen, the Maine Department of Marine Resources reported on Monday.

The elvers are worth so much because of the crucial role they play in Asian aquaculture. They’ve been worth between $1,300 and $2,400 per pound every year since 2015, except last year, when they were worth $525.

The elver business has benefited from improved health in international trading at large, said Mitchell Feigenbaum, an elver dealer.

“There’s confidence in the market in all commodities right now,” Feigenbaum said “There’s a crazy boom in real estate, a crazy boom in the stock market, a crazy boom in the eel market.”

Read the full story at the Associated Press

Maine’s baby eel fishermen hope for normalcy in 2021

March 22, 2021 — Maine’s baby eel fishermen are hopeful for a more stable season in 2021 as they seek one of the most valuable natural resources in New England.

The fishermen seek the eels, called elvers, so they can be sold as seedstock to Asian aquaculture companies. They are then raised to maturity and sold as food, such as sushi.

Maine has the only significant fishery for the eels in the U.S., and they sometimes fetch more than $2,000 per pound.

The season starts Monday, just over a year after the coronavirus pandemic upended the 2020 season. Prices for the eels plummeted last year because of disruption to the worldwide economy caused by the early stages of the pandemic.

The price of elvers to fishermen fell from $2,091 per pound in 2019 to $525 last year. The industry suffered because eels are almost exclusively a restaurant product, and the pandemic shuttered restaurants the world over, said Mitchell Feigenbaum, an elver dealer.

But the recovery of the economy in China, a major buyer, bodes well for this season, Feigenbaum said.

Read the full story from the Associated Press at the Gloucester Daily Times