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Decrease in Lobster Price #542954
06/14/20 04:52 AM
06/14/20 04:52 AM
Joined: Oct 1999
Posts: 67,506
oregon, spr
Marty Offline OP

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Marty  Offline OP
Lobster season is set to open on Monday, June fifteenth and already fishermen are saying that the lobster will not fetch a good price on the market. We reached out two of the fishermen cooperatives in Belize City, but we only heard back from one. That cooperative indicates that it is too early to tell what the price will be for this season. They are reverting to the practice of making the first payment now and a second payment at a later date. Starting the season off, the first payment price will be twelve dollars a pound. They say it is left to be seen what, if any, impact COVID-19 will have on the export market. They’ll have a better idea of this around August. A post circulating on Facebook shows that Rainforest Seafoods will be purchasing whole lobsters at five dollars and fifty cents a pound; while lobster tails will be for twelve dollars for the opening of the season.

Channel 5

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Fishermen are dissatisfied that there will be a decrease in the price of lobster when the season begins on June 15. Reports are that the cooperative will be accepting lobster at the starting price of $15.00 per pound. In speaking with a representative from the Fisheries Department they indicated that due to COVID-19 many markets are being affected, leading to a reduction in the price of seafood products. They also noted that they are not the ones that regulate the price of seafood products; that is the job for the cooperatives.

LoveFM

Re: Decrease in Lobster Price [Re: Marty] #542969
06/15/20 04:38 AM
06/15/20 04:38 AM
Joined: Oct 1999
Posts: 67,506
oregon, spr
Marty Offline OP

.
Marty  Offline OP
50 minutes of a meeting with fishermen country wide voicing their concerns on the pricing of the lobster comparing from last season to this years opening. $30per pound for lobster verses $15 per pound is not a take. They are demanding for the Government to get involved and make an amendment to put control on their products.


Re: Decrease in Lobster Price [Re: Marty] #542980
06/16/20 04:19 AM
06/16/20 04:19 AM
Joined: Oct 1999
Posts: 67,506
oregon, spr
Marty Offline OP

.
Marty  Offline OP

Fishermen Furious About Low Lobster Price

Lobster season opened today - but, of course, this year, there's not going to be any lobster fest. That's partly because of the limitation on social gatherings, but it's also because the process for lobster are so low - that fishermen say it';s not worthwhile to fish.

The world price for lobster has plummeted form $33 dollars last year to $12 dollars this year due to weak international demand. That's because restaurants have been closed for months - and they have lobster stored in their freezers.

And, for local fishers they also can't sell too much of the prized shellfish locally because there's no tourism!

Edwardo Arceo from Caye Caulker is tiring to organise the fishers to get a better price. Via phone he told us he is hoping for government intervention:

Voice of: Edwardo Arceo, Organizing Lobster Fishermen
"At the moment is that the fishermen are being underpaid for their product and before this Covid-19 they had a choice to sell their product to the restaurateurs and the tourism sector, but that is not in place at the moment and they are being forced to sell their product to the cooperatives and to the few buyers in private sector, but all of them are paying between $12-$15 per pound and that is unacceptable for the fishermen."

Jules Vasquez
"Explain to me what you mean by unacceptable insofar as we know that right now the international market the price is very low. Last year it was very high, it was finish off at $33 I believe and this year right now it is very low and it could even go lower. Is there anything that anyone can do, because it's not like the government can buy the lobster. The government it can hardly pay its salaries."

Voice of: Edwardo Arceo, Organizing Lobster Fishermen
"What happened is that the prices are being monopolized by the investors and also the cooperatives have a huge operation cost and loans to pay which force them to pay less, but at the end of the day this situation is getting out of control and the government needs to standardize the prices somehow. I am advising them: 1) to come together as fishermen, voice their opinion, seek help from the government on the standardize of prices and at the end of the day it is a problem that we as Belizeans need to come together and see that the fishermen get the best price, because at the end of the day they have a family and the sea only have so much lobster. After that first 2 weeks there won't be much lobster out there and for you to go out there and catch 2-3 lobster for $12, its best you stay home and do nothing."

Arceo says some fishers may be freezing their catch to hold out for a better price. But price watchers say the low world price could even go lower. We'll keep following it.

Channel 7




Lobster Season officially opens; Fishermen at odds with Fishing Cooperatives for proposed low prices

The 2020-2021 Lobster Fishing Season began on Monday, June 15th, in Belize. On Ambergris Caye, fishermen headed out to the sea early in the morning for their first catch. By midday, most of them were back with boatloads of fresh lobsters, which are on sale at the local market for as low as $15BZ per pound.

In previous seasons, a pound of lobster can cost as much as $30BZ per pound, but because of the current pandemic, prices were reduced. While some fishermen are selling their lobsters between $15 and $16 a pound, others are not supporting such prices and are not happy with the fishing cooperatives, who are allegedly offering a lower purchase price. Fishermen from Sarteneja, Belize City and Caye Caulker met on Sunday, June 14th on La Isla Cariñosa to discuss the matter. Edwardo Arceo led the discussion, indicating that such a reduction in the lobster price is unsustainable and will only affect the fishermen. Allegations are that the cooperatives, who buy sea products, will only be paying $12BZ per pound this season. According to some fishermen in the meeting, they need the prices to be at least $25 per pound to make some honest profit.

Click here to read the rest of the article in the San Pedro Sun


Re: Decrease in Lobster Price [Re: Marty] #542992
06/16/20 09:36 AM
06/16/20 09:36 AM
Joined: May 2000
Posts: 6,903
San Pedro Town, Ambergris Caye...
Amanda Syme Offline

.
Amanda Syme  Offline
Market pricing is always driven by supply and demand. Sadly the pandemic and subsequent fall out is hitting most industries very hard. We must all adapt to the reality that life is not the same as it was even a few short months ago and it is going to be challenging and financially difficult for many more months to come. Our area of the country that depends on tourism is hit very hard financially but even people that thought their livelihoods were not related to tourism are now discovering how much of our national economy is driven and funded by tourism. The food industries including farmers, fishermen and suppliers of disposable packaging are only a few areas of business that have come to meet a huge slow down in demand. I am one of the first people that enjoys a plate of lobster, but I am not in a position to indulge in this luxury when I haven't seen any (zero) income for months and don't know when any business will resume. If the prices are affordable I many treat myself one day soon, once I have an idea of when we should reasonable expect to be able to see a steady income stream. And although it is a true shame if many will choose not to fish due to it being unprofitable, we will see a side effect of our lobster population growing bigger and stronger and when a sense of normalcy returns to our lives we will hopefully be able to manage our fishing in a manner that is profitable, sustainable and ecologically responsible. My heart is hurting for everyone that is suffering so terribly during this socio-economic crisis.


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