Another record year for Quebec fisheries

According to preliminary data from Fisheries and Oceans Canada, the value of landings from commercial fisheries in Quebec reached a new record in 2017 with a value of $359.7 million.

With total landings of 54,664 tonnes in 2017, volume is up only 1%, but product value jumped 33% from 2016.

The increase in landed value is mainly attributable to snow crab and lobster. The value of snow crab increased from $111.2 million in 2016 to $182.9 million in 2017, while that of lobster increased by 52% to $116.2 million. 2017.

Landings of lobsters, crabs, mackerel and Greenland halibut increased during the last season.

In total, 75% of all landings in Quebec were made in Gaspésie (58%) and the Îles-de-la-Madeleine in 2017 (17%). The remaining landings, 25% of the total volume, were made on the North Shore wharves for a value of $ 77.3 million.

In the Gaspé Peninsula, landings were valued at $ 184.1 million in 2017 and $ 97.3 million in the Magdalen Islands. This is a significant growth of 71% in the value of landings in the Madelinot archipelago between 2016 and 2017.

Last year, Quebec exported $ 450 million worth of marine products, which represents a 35% increase over the 2016 season. The main export market remains the United States, with 80% of sales, followed by Japan and Europe.

Once again, it is shrimp, lobster and snow crab that are winning the favor of foreign markets.

James Harris

James Harris is the lead editor Billionaire 365. James has written for many publications including Business Insider Vanity Fair and Bleacher Report. Kevin is based in Ottawa and covers issues affecting real estate and business. In addition to following the financial markets around the world, James also has a passion for dog breeding and is very proud of his champion boxers.

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