Aquatic / Fishing
Reports indicate that it was a good (but not great) year for the Maine lobster industry. Prices and catch levels were good, but trade issues with China and Europe have been significant. Exports to China dropped by more than half after China’s 25 percent tariff took effect on July 6.1
Prices are down from last year due to exceptional catch levels and flat demand. However, permit values are holding strong. The wild stock remains ample.
Although the stocks of many protected species of groundfish are rebuilt, regulations and quotas remain limiting for the industry.
- Permit trading continued to be limited in 2018 as regulations continued to ratchet down quotas and days-at-sea.
- Prices have held steady, and the catch has been good on the species vessel owners are allowed to land.
1 Undercurrent News / NOAA