{"id":22396,"date":"2025-05-06T09:45:17","date_gmt":"2025-05-06T09:45:17","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=22396"},"modified":"2025-05-06T09:45:17","modified_gmt":"2025-05-06T09:45:17","slug":"the-canada-lobster-rate-has-fishers-circumspect-before-mothers-day","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/05\/06\/the-canada-lobster-rate-has-fishers-circumspect-before-mothers-day\/","title":{"rendered":"The Canada lobster rate has fishers circumspect before Mother\u2019s Day"},"content":{"rendered":"\n

As the\u00a0spring lobster season<\/u><\/a>\u00a0in Canada nears Mother\u2019s Day when demand rises, lobstermen are worried about the rate.<\/p>\n\n\n\n

Beforehand, the Fish, Food and Allied Workers Union (FFAW<\/u><\/a>) published the starting April 20-26 price at C$10.39 ($7.50) a pound.<\/p>\n\n\n\n

FFAW\u2019s rate usually considers industry publication Urner Barry (UB), which stipulates that for every US$5 UB price, fishers get US$3.25. Furthermore, all prices above US$5 guarantee a 70% share for harvesters, while offers above US$6 garner an 80% share. <\/p>\n\n\n\n

Yet, many harvesters currently believe that they could receive as little as 6 dollars a pound<\/u><\/a> as the week\u2019s prices come up.<\/p>\n\n\n\n

Because prices in most seasons start high and then decline gradually, the starting rate has understandingly frustrated fishermen.<\/p>\n\n\n\n

Even though the April 20-26 price is below 2024\u2019s starter of C$12.65 ($9.25) a pound, it apparently sidelines rising costs.<\/p>\n\n\n\n

According to the Maritime Fishermen\u2019s Union (MFU) on April 30, 2025, low pricing is worrying because bait costs are up. <\/p>\n\n\n\n

The union\u2019s director Martin Mallet cited expenses as risen by 20 to 50%<\/u><\/a>, which calls for strong market prices.<\/p>\n\n\n\n

Hopes meanwhile attach to the trade-friendly Mother\u2019s Day, which this year falls on May 11 in North America. <\/p>\n\n\n\n

During this holiday, lobster demand increases and the set pricing changes accordingly, mostly in favor of harvesters. <\/p>\n\n\n\n

Mallet therefore makes bold and demands that the minimum should be 8 dollars a pound, to coincide with peak demand.<\/p>\n\n\n\n

There is a damp, however, on the effect of China\u2019s tariff on the industry, including the threat of a home surplus. <\/p>\n\n\n\n

China receives 20% of the average C$2.9-billion ($2.1 billion) that Atlantic Canada ships each year.  <\/p>\n\n\n\n

So, as the uncertain Canada lobster rate continues to beleaguer harvesters on top of mounting costs, holiday demand nears. For more information on how domestic lobster pricing<\/u><\/a> has fared during past Mother\u2019s Day weekends, peruse the following statistics.<\/p>\n\n\n\n

Canada Lobster Rate During Mother\u2019s Day<\/strong><\/strong><\/h2>\n\n\n\n

Mother\u2019s Day is the axle around which the start of Canada\u2019s spring lobster season turns its pricing. While it does not always lead to price increases, it nevertheless brings higher purchases, allowing fishermen to land\u00a02 million pounds of lobster daily<\/u><\/a>\u00a0(2022). <\/p>\n\n\n\n

One such price decrease was in 2016 when the Fish, Food And Allied Workers (FFAW) put the May 8-14 rate at\u00a0C$7.71 ($5.97)<\/u><\/a>\u00a0a pound. This was from a C$8.82 ($6.95) per pound opener.\u00a0<\/p>\n\n\n\n

During 2016, however, independent markets across Atlantic Canada were showing competitive Mother\u2019s Day pricing. According to the Charlottetown Guardian<\/u><\/a>, Charlottetown on the Prince Edward Island (P.E.I.) was offering market lobsters at C$8.50 ($6.15) a pound. Breadalbane, also on P.E.I., was offering C$7.50 ($5.43) per pound for market lobster while relegating canners to C$6.50 ($4.70). <\/p>\n\n\n\n

Fast-forwarding to 2023, May 7-13 harvester\u2019s prices were at C$10.44 ($7.75)<\/u><\/a> per pound. Although a drop from the starting C$19.02 ($14.10) on April 16, it was higher than the followup prices that declined till mid-June.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the\u00a0spring lobster season\u00a0in Canada nears Mother\u2019s Day when demand rises, lobstermen are worried about the rate. Beforehand, the Fish, Food and Allied Workers Union (FFAW) published the starting April 20-26 price at C$10.39 ($7.50) a pound. FFAW\u2019s rate usually considers industry publication Urner Barry (UB), which stipulates that for every US$5 UB price, fishers…<\/p>\n","protected":false},"author":3,"featured_media":18976,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nThe Canada lobster rate has fishers circumspect before Mother\u2019s Day - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/05\/06\/the-canada-lobster-rate-has-fishers-circumspect-before-mothers-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Canada lobster rate has fishers circumspect before Mother\u2019s Day - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"As the\u00a0spring lobster season\u00a0in Canada nears Mother\u2019s Day when demand rises, lobstermen are worried about the rate. 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