Warmer waters are getting part of the credit for an uptick in lobsters off the coast of Newfoundland, and some companies are betting big on the crustacean’s future.
Quin-Sea Fisheries is one of those companies. It exports live lobsters from the province to China — a move prompted in part because processing other types of fish has taken a nosedive.
“Over the last three years, we’ve seen a heavy decline in shrimp, almost 66 per cent, and we’ve seen a heavy decline on quota on crab, almost 40 per cent, so it was necessary for us to look at other species,” says managing director Simon Jarding.
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