The Lobster Company Archives

Maine’s lobstermen and women hope Biden can boost fortunes

November 27, 2020 — Donald Trump positioned himself as a friend of New England’s lobster industry, campaigning hard in Maine, and even had lobsterman Jason Joyce speak at the Republican national convention.

But the president’s prolonged trade war with China resulted in a rocky few years for the industry.

Following Biden’s win in the presidential election, which saw him take three out of four electoral votes in Maine, which, along with Nebraska, has a split system, members of the industry now say they are looking forward to some much-needed stability.

Stephanie Nadeau, owner of the Lobster Company, a dealer in Arundel, Maine, said the industry needs assurance that it will be able to sell lobsters to other countries without punitive tariffs and is hopeful that such comfort will come in January following the inauguration of the Democratic president-elect.

She said of life under the Trump administration: “You can’t plan. You can’t live in chaos. The trade war, was it going to last a week, was it going to last a month, was it going to last four years? How do you operate around that?”

Read the full story from The Guardian at MSN

MAINE: Lobster industry hopes for stability after tumultuous Trump era

November 23, 2020 — President Donald Trump positioned himself as a friend of New England’s lobstermen, but members of the industry said they are looking forward to something that has been lacking in the crustacean business: stability.

Trump’s trade war with China led to a rocky few years for the industry, which is based mostly in Maine. Trump, who campaigned hard in Maine and won an electoral vote in the state, touted economic aid and environmental reforms intended to benefit the business. The Republican Party even had Maine lobsterman Jason Joyce speak at he its national convention.

What the industry really needs is assurance that it will be able to sell lobsters to other countries without punitive tariffs, said Stephanie Nadeau, owner of The Lobster Company, an Arundel, Maine, dealer. She and others said they are hopeful that assurance will arrive under Democratic President-elect Joe Biden.

“You can’t plan. You can’t live in chaos,” she said. “The trade war, was it going to last a week, was it going to last a month, was it going to last four years? How do you operate around that?”

Read the full story from the Associated Press at Boston.com

Lobster prices high as catch drops and China imports climb

January 11, 2017 — Lobster lovers are used to adjusting to high prices, but this winter, they’re shelling out even more for the cherished crustaceans because of a lack of catch off of New England and Canada and heavy exports to China.

Winter is typically a slow season for U.S. lobster fishermen and an active one off Atlantic Canada. But catch is slow in both countries this year, in part because of bad weather, industry sources said.

And the winter months are also an important time for exports to lobster-crazy China, which celebrates its New Year holiday Jan. 28. It’s increasingly popular to celebrate the Chinese New Year with American lobster. That’s causing demand at a time when supply is low.

American consumers who were paying $9 to $11 per pound for a live lobster in September — already higher than the previous year — are now sometimes paying upward of $13 per pound. There are enough lobsters to go around, but China’s demand is likely to only grow, said Bill Bruns, operations manager at The Lobster Company of Arundel, Maine.

“They are building infrastructure to meet more demand,” Bruns said, who added that China’s middle class “hasn’t stopped growing, and they keep eating.”

American lobster exports to China have topped 12 million pounds and $85 million in value for three years in a row. The country imported a fraction of that amount as recently as 2010, when it imported less than a million pounds of the crustaceans.

Meanwhile, prices charged by wholesalers in the U.S. are rising, too. The wholesale price of a 1 ¼-pound live hard shell lobster rose about a dollar in the New England market from December to January, when it was $7.75 per pound, according to Urner Barry commodities publishing service.

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