Fisheries and Aquaculture
March 12, 2009Seafood Industry Year in Review Confirms One Billion
Dollar Production Value
The Newfoundland and Labrador seafood industry experienced an
excellent year of performance in 2008. The annual Seafood Year in Review
report was released today by the Honourable Tom Hedderson, Minister of
Fisheries and Aquaculture. It confirmed that the province�s fishing
industry again exceeded one billion dollars in production value. This
was accomplished despite a world-wide economic crisis, high fuel costs
and competition from low-cost producers.
"Our government is pleased to see such a positive performance in the
province�s fishing industry," said Minister Hedderson. "It gives me a
great deal of pleasure to release the Seafood Year in Review 2008 and we
are especially pleased to see that it confirms such a positive
performance."
Snow crab and shrimp continued to play a significant role with
approximately $365.9 million in land values, representing 70 per cent of
the total. While overall landings were down by 3.2 per cent, the overall
landed value increased by 2.8 per cent. Higher landings of snow crab and
higher prices for coldwater shrimp offset the lower landed value of
pelagics. Groundfish landed values were on par with the previous year.
Aquaculture production jumped to a record level of production at
11,545 tonnes, with a record export value of $63.1 million in 2008. The
department has undertaken several initiatives to support the expansion
of the province�s aquaculture industry. These include plans to finalize
the establishment of an aquatic veterinary diagnostic facility in St.
Alban�s. Construction of the facility is expected to begin in 2009. The
department has also undertaken a comprehensive marine infrastructure
development study to address requirements for the expanding aquaculture
sector on the province�s south coast.
Several developments occurred in 2008 which will bode well for the
province�s seafood industry. Through the Fisheries Technology and New
Opportunities Program, the department worked with industry and committed
over $2 million in research and development funding. This included
projects on safety, energy efficiency and seafood marketing.
In October 2008, the department introduced a new seafood processing
policy framework. The new framework provides for more rigorous policies
for licence issuance and tighter policy guidelines relating to licence
transfers and opportunities for combining of the existing value-added
crab licences. The new framework also provides a more transparent
process, more viable processing plants and more secure employment
opportunities.
The department also supported the Association of Seafood Producers in
their successful application to obtain Marine Stewardship Council (MSC)
certification for the Canadian northern shrimp trawl fishery. This is
the first fishery in Canada to earn MSC certification and the first
shrimp fishery in the world to be eligible to bear the MSC eco-label.
"It is increasingly important to consumers, seafood retailers and the
restaurant sector to be able to say that their seafood products are
harvested in a sustainable manner," said Minister Hedderson. "So it is
very good from a sales and marketing perspective for the northern trawl
shrimp fishery to achieve this certification."
While the 2008 seal landings were on par with the previous year, the
landed value dropped by approximately 40 per cent in 2008. This was due
largely to the decreased value of seal pelts. The price of pelts
declined from over $55 in 2007 to $32 in 2008.
In terms of the outlook for 2009, favourable exchange rates with the
United States (US) and Japan will impact positively on the value of our
province�s seafood industry and will likely offset lower prices.
Aquaculture production is expected to increase again in 2009 and is
exported mainly to US markets. Decreased fuel costs should also bode
well for the industry in 2009.
"Our government is very pleased with the performance of the fishing
industry in 2008," said Minister Hedderson. "While there may be
challenges ahead, there are also many factors that could positively
impact this industry in the coming year. We look forward to another year
of working with industry and our key stakeholders, to improve the
province�s fishing industry for all those who depend on it."
The Seafood Year in Review 2008 can be found at
//www.fishaq.gov.nl.ca/publications/archives/yir_2009.pdf
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Media contact:
Lori Lee Oates
Director of Communications
Department of Fisheries and Aquaculture
709-729-3733, 690-8403
oatesll@gov.nl.ca
2009 03 12 10:05 a.m.