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Capelin Prices 2017

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Capelin Prices 2017

Click here for the addendum to the 2017 capelin price agreement.

June 14, 2017 – Today, the price setting panel made their decision on capelin prices for the 2017 fishing season, siding with the FFAW’s price proposal.

The Association of Seafood Producers (ASP) argued that the price for 2017 should be lower than what it was in 2016 and said last year’s price was too high. They argued this despite market indicators suggesting either stable or increased market prices for the upcoming season.

The Panel also decided that harvesters are receiving a smaller market share for capelin compared to other species, such as with crab, shrimp and halibut.

As a result of these and other factors, the Panel decided the FFAW’s proposal was most in line with market projections.

We would like to thank the negotiating committee for their hard work during these negotiations, and for making this win possible.

The prices for 2017 will be:

0.24/lb for Grade A
0.14/lb for Grade B

Dr. Erin Carruthers

Dr. Erin Carruthers is the Science Director and Senior Fisheries Scientist with the Fish, Food and Allied Workers Union (FFAW-Unifor), which is the labour union that represents the owner-operator fleet in Newfoundland and Labrador. The FFAW is committed to research and management that supports healthy oceans, fisheries, and coastal communities. Dr. Carruthers received her Ph. D. in Biology from Memorial University in 2011 followed by a postdoctoral fellowship with the Centre for Fisheries Ecosystems Research. Before coming to Newfoundland, Erin worked as a Research Biologist with Fisheries and Oceans Canada at the St. Andrews Biological Station. Her current research program is co-constructed with fish harvesters and includes research on coastal fishing communities, collaborative longline and trap surveys, and best practices for the avoidance, handling and release of unwanted catch.