News Summary October 16, 2017
Today's Main Story: Newfoundland Snow Crab Survey Likely to Show Further Decline According to DFO Biologists
Today's top story reports that snow crab are now key to Newfoundland and Labrador’s fishing industry as they account for $274 million of $708 million in landed value in 2016. That success story has become a problem. Higher crab prices are masking lower quota. Shellfish numbers are falling off, with no relief in sight. As the official survey results won’t be released until early next year it is generally suggested that there continued decline in the stock, with ocean warming a significant factor and things like predation increasingly important. Read the full story here.
In other news, John Sackton writes that during a recent visit to Japan, Mr. Nils Duus Kinnerup who is CFO of Royal Greenland, spoke to the fisheries press about his company's...
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