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The sales of the catering industry rebounded again, and comprehensive supply and demand may rise in the fourth quarter of 2021 .
Long missing bait, American crayfish lobster tight supply
Lack of bait is a problem for Maine lobsters
.
Herring is the preferred bait for the crayfish fishing industry in this area, but although the herring fishery was opened in June, it is not expected that enough herring will be caught to meet the demand for crayfish bait
.
.
Herring is the preferred bait for the crayfish fishing industry in this area, but although the herring fishery was opened in June, it is not expected that enough herring will be caught to meet the demand for crayfish bait
.
The herring quota has been greatly reduced this season
.
In 1986, the herring catch on the Atlantic coast from Canada to Virginia was 500 tons, but in 2019, the catch fell to only 17.
7 tons.
The quota for 2021 was set at only 4.
8 tons, which is far from enough to satisfy the lobster fleet.
Demand
.
.
In 1986, the herring catch on the Atlantic coast from Canada to Virginia was 500 tons, but in 2019, the catch fell to only 17.
7 tons.
The quota for 2021 was set at only 4.
8 tons, which is far from enough to satisfy the lobster fleet.
Demand
.
As a result, lobster fishermen now have to find alternative bait, which may affect the supply in the area
.
.
Australian lobster moves to other markets, and Australian dragon prices are both hot and cold
Since the Australian lobster bid farewell to the Chinese market in November last year (the Chinese market accounts for more than 95% of Australian lobster exports), Australian lobster suppliers have had to find alternative markets
.
.
However, this ban has had a strange effect on lobster prices
.
As Australian lobsters had to be sold elsewhere outside of China, the supply in markets outside of China increased, resulting in a drop in world lobster prices
.
.
As Australian lobsters had to be sold elsewhere outside of China, the supply in markets outside of China increased, resulting in a drop in world lobster prices
.
But in China, due to the ban, the supply of lobster is very tight and prices are skyrocketing
.
Shipments of rock lobster from Western Australia to Hong Kong surged from almost zero in October 2020 to 300 tons in March 2021
.
.
Shipments of rock lobster from Western Australia to Hong Kong surged from almost zero in October 2020 to 300 tons in March 2021
.
On the other hand, Australian lobster exports to Taiwan Province of China have also seen strong growth
.
One of the reasons is lower prices, which has boosted demand in Taiwan Province of China
.
.
One of the reasons is lower prices, which has boosted demand in Taiwan Province of China
.
U.
S.
crayfish exports to China increase, but Canadian crayfish still dominates
S.
crayfish exports to China increase, but Canadian crayfish still dominates
U.
S.
lobster exports, which were hit in early 2020, rebounded again in 2021
.
In the first four months of 2021, the total and value of U.
S.
lobster exports increased by 59% and 54% respectively, reaching 3880 tons, valued at US$69.
2 million
.
Exports to China have shown a sharp increase: 209% in volume and 66% in value, but this shows a serious decline in prices
.
S.
lobster exports, which were hit in early 2020, rebounded again in 2021
.
In the first four months of 2021, the total and value of U.
S.
lobster exports increased by 59% and 54% respectively, reaching 3880 tons, valued at US$69.
2 million
.
Exports to China have shown a sharp increase: 209% in volume and 66% in value, but this shows a serious decline in prices
.
After a substantial increase in lobster imports from the United States at the end of 2020, China has cooled this trade in early 2021
.
In November and December 2020, China imported 3,223 tons of fresh/live American lobster, valued at US$51.
2 million
.
In the first three months of 2021, US imports fell to only 1,867 tons
.
In 2020, China imported 7,944 tons of lobster from the United States of America, with an import value of 128.
8 million U.
S.
dollars, which is much higher than the 2,853 tons imported in 2019, valued at 51.
3 million U.
S.
dollars
.
Compared with the same period in 2020, global imports of lobster (all types) in the first three months of 2021 increased by 14.
5% to 30,492 tons
.
China’s imports increased by 38.
6% to 11,461 tons, while U.
S.
imports fell by 3.
3%
.
.
In November and December 2020, China imported 3,223 tons of fresh/live American lobster, valued at US$51.
2 million
.
In the first three months of 2021, US imports fell to only 1,867 tons
.
In 2020, China imported 7,944 tons of lobster from the United States of America, with an import value of 128.
8 million U.
S.
dollars, which is much higher than the 2,853 tons imported in 2019, valued at 51.
3 million U.
S.
dollars
.
Compared with the same period in 2020, global imports of lobster (all types) in the first three months of 2021 increased by 14.
5% to 30,492 tons
.
China’s imports increased by 38.
6% to 11,461 tons, while U.
S.
imports fell by 3.
3%
.
Canadian lobster exports increased by 21.
3% in the first quarter of 2021, reaching 16,915 tons
.
Shipments to China increased by 26.
8% to 6,374 tons, and shipments to South Korea increased by 75.
8% to 1,225 tons
.
During this period, exports to the United States increased by 4.
4%
.
3% in the first quarter of 2021, reaching 16,915 tons
.
Shipments to China increased by 26.
8% to 6,374 tons, and shipments to South Korea increased by 75.
8% to 1,225 tons
.
During this period, exports to the United States increased by 4.
4%
.
Lobster prices have generally risen this year
According to a Canadian report, the terminal price of crayfish in North America is very high this year, at 8.
00 Canadian dollars ($6.
60) per pound at the beginning of the fishing season in May
.
This is higher than the 7.
00 Canadian dollars (5.
80 US dollars) per pound in the same period in 2020
.
00 Canadian dollars ($6.
60) per pound at the beginning of the fishing season in May
.
This is higher than the 7.
00 Canadian dollars (5.
80 US dollars) per pound in the same period in 2020
.
The Irish lobster industry is optimistic about the outlook for the summer as the French restaurant reopens on May 19, 2021
.
Data show that in 2019, France imported 570.
2 tons of Irish lobster, valued at 9.
29 million euros (11.
1 million US dollars)
.
In 2020, French imports from Ireland fell to 546.
2 tons, valued at 7.
97 million euros (9.
5 million U.
S.
dollars), so prices fell and quantities fell
.
.
Data show that in 2019, France imported 570.
2 tons of Irish lobster, valued at 9.
29 million euros (11.
1 million US dollars)
.
In 2020, French imports from Ireland fell to 546.
2 tons, valued at 7.
97 million euros (9.
5 million U.
S.
dollars), so prices fell and quantities fell
.
Overall, the outlook is more optimistic than last year
.
With the recovery of consumption in a number of major lobster consumer markets, sales in this industry are recovering and prices are also rising
.
In addition, the home-cooking habits that were developed due to restaurant closures will not stop in a short time.
Therefore, restaurant consumption plus home-cooking will have a good consumption trend when the price of lobster is moderate
.
.
With the recovery of consumption in a number of major lobster consumer markets, sales in this industry are recovering and prices are also rising
.
In addition, the home-cooking habits that were developed due to restaurant closures will not stop in a short time.
Therefore, restaurant consumption plus home-cooking will have a good consumption trend when the price of lobster is moderate
.
