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Wednesday, January 22, 2014

Minister To Meet To Discuss Future Of Lobster Industry

Agriculture, Aquaculture, and Fisheries ministers from the Maritime Provinces will be meeting from March 26 - 27 in Halifax to talk about why the price of lobster has plummeted so drastically, and what can be done to strengthen the industry.

The summit will focus on the Maritime Lobster Panel report, given to the three ministers last November. It addresses why the price of lobster dropped in the spring of 2013 and looks at the various cost and revenue aspects of harvesters, buyers and processors.

The report also looks at ways to stabilize and potentially increase prices paid to harvesters, and a possible formal system where the industry would know the price that will be paid in advance.