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9 million (€638.
1 million) in revenue, an increase in value compared to the previous year 312.
4 million US dollars (275 million euros) )
.
The previous record value for the fishery was set in 2016, when the Maine lobster fishery earned approximately $541 million (€476 million), a decrease of $184 million (€161 million) from 2021 earnings
.
.
The higher gains were attributed to an average price of $6.
71 (€5.
90) per pound, nearly $2.
00 (€1.
76) above the previous high
.
According to preliminary month-to-month data, 2021 is the first year that the fishing industry has earned more than US$100 million (€88 million) in monthly revenue, and it has done so for four consecutive months from July to October.
71 (€5.
90) per pound, nearly $2.
00 (€1.
76) above the previous high
.
According to preliminary month-to-month data, 2021 is the first year that the fishing industry has earned more than US$100 million (€88 million) in monthly revenue, and it has done so for four consecutive months from July to October.
"The extraordinary value Maine lobster harvesters have received over the past year clearly reflects the strong consumer confidence in the Maine lobster brand, the products and people it stands for," said Maine Department of Marine Resources Commissioner Patrick Kreich in a statement.
said in a press release
.
said in a press release
.
The fishery caught 108,048,704 pounds of lobster, the 12th year in a row that it has caught near or above 100 million pounds
.
That total is also 10 percent higher than the 2020 catch, according to the Maine DMR
.
The record value is due to unprecedented demand for the product, said Annie Tselikis, executive director of the Maine Lobster Dealers Association
.
"The incredible value we've seen in our 2021 landings is directly attributable to the market's insatiable demand for post-pandemic seafood," she said
.
Lobster will be in high demand
.
”
.
That total is also 10 percent higher than the 2020 catch, according to the Maine DMR
.
The record value is due to unprecedented demand for the product, said Annie Tselikis, executive director of the Maine Lobster Dealers Association
.
"The incredible value we've seen in our 2021 landings is directly attributable to the market's insatiable demand for post-pandemic seafood," she said
.
Lobster will be in high demand
.
”
Lobster prices are gaining national attention in 2021, including a New York Times article focusing on the cost of lobster rolls
.
The industry knows that when the Canadian lobster season doesn't have any impact on demand, prices are high, Tselikis said
.
"When you think about the seasons around PEI, there's typically about 100 million pounds of product hitting the market each year," Tselikis said
.
“With the £100m coming ashore in May 2021, demand is still ahead of expectations and prices are still high
.
It shows us that we are in a very interesting season in terms of demand
.
”
.
The industry knows that when the Canadian lobster season doesn't have any impact on demand, prices are high, Tselikis said
.
"When you think about the seasons around PEI, there's typically about 100 million pounds of product hitting the market each year," Tselikis said
.
“With the £100m coming ashore in May 2021, demand is still ahead of expectations and prices are still high
.
It shows us that we are in a very interesting season in terms of demand
.
”
Demand remains strong and, according to Tselikis, increased competition for the product is driving prices paid to fishermen
.
"The competition onshore in 2021 is very high
.
If you don't have lobster, you're not in it," Tselikis said
.
"For shore buyers, the people buying from the docks are coming straight from the fishermen and they're competing for the product
.
"
.
"The competition onshore in 2021 is very high
.
If you don't have lobster, you're not in it," Tselikis said
.
"For shore buyers, the people buying from the docks are coming straight from the fishermen and they're competing for the product
.
"
Keliher said the record value was "book value" and should be celebrated, but also raised concerns about the potentially volatile future facing the state's lobster fishery
.
A new set of rules issued by NOAA, including stricter gear requirements and closure of 967 square miles of fishing areas, aims to protect endangered North Atlantic right whales
.
.
A new set of rules issued by NOAA, including stricter gear requirements and closure of 967 square miles of fishing areas, aims to protect endangered North Atlantic right whales
.
"There are many challenges ahead, and it is important that fishers continue to participate in management discussions in an effort to make this population resilient to future generations," Keliher said
.
.
The Maine Lobster Association is suing the federal government to halt the 10-year whale program, which it says will "destroy Maine's lobster industry," as state officials try to delay the implementation of new federal regulations
.
The MLA has launched a $10 million (8.
8 million euro) fundraising campaign to cover its legal costs and fund more research on how best to protect right whales
.
.
The MLA has launched a $10 million (8.
8 million euro) fundraising campaign to cover its legal costs and fund more research on how best to protect right whales
.
But the state's overall economy is at risk from the new regulations, said MLA development director Kevin Kelley
.
Kelly said the recent record production of the fishery in 2021 shows that the fishing industry is an economic engine, even without accounting for its wider impact on other industries
.
.
Kelly said the recent record production of the fishery in 2021 shows that the fishing industry is an economic engine, even without accounting for its wider impact on other industries
.
"The goal of our fundraiser is to demonstrate the importance of this industry to the entire state's economy," Kelly said
.
"If Maine's lobster fishery is eliminated, as it is under this 10-year plan, the ripple effect will be farther from the coast
.
"
.
"If Maine's lobster fishery is eliminated, as it is under this 10-year plan, the ripple effect will be farther from the coast
.
"
