TIGNISH — A veteran West Prince fisherman and manager of Tignish Fisheries Co-op/Royal Star Foods believes supply and demand has a lot to do with the low prices east coast lobster fishermen are getting for their catches.
“I wish everybody could be getting all them lobsters and getting five dollars a pound, but there’s a reason why the Australian lobster is worth $15 or $20 a pound: there’s only a limited amount of them that is landed each year,” said Francis Morrissey.
While aware of the negative reaction Egmont MP and National Revenue Minister Gail Shea generated last winter when she suggested the lobster industry consider boat quotas, Morrissey believes she raised important points.
“I make no bones about this,” he said, “this whole industry in Canada and the U.S., if it doesn’t go to some kind of quota system to regulate the volume of product coming in, we will never get out of the mess we’re in, and I don‘t make that statement lightly.”
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