• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Decline in Irish Crab Market Puts Pressure on Fishing Industry

Decline in Irish Crab Market Puts Pressure on Fishing Industry

05/24/2024
International Trade Council (ITC) and Vanuatu Investment Economics (VIE) Launch Invest in Vanuatu

International Trade Council (ITC) and Vanuatu Investment Economics (VIE) Launch Invest in Vanuatu

01/08/2026
Did the Supreme Court Just Signal the Fate of Trump’s Tariffs?

Did the Supreme Court Just Signal the Fate of Trump’s Tariffs?

01/08/2026
Tariff Expectations Versus Reality: Why Inflation Fears Fell Short

Tariff Expectations Versus Reality: Why Inflation Fears Fell Short

01/08/2026
US Importers Urged to Act Now on Tariff Refunds as Legal Challenge Looms

US Importers Urged to Act Now on Tariff Refunds as Legal Challenge Looms

01/07/2026
UK Logistics Sector Calls for Cultural Shift to Support HGV Drivers and Improve Freight Networks

USPS Tightens Vetting for Immigrant Truck Drivers, Potentially Impacting Freight Networks

01/06/2026
Vietnam’s Garment and Textile Sector Strengthens Footprint in Canadian Market

Vietnam’s Garment and Textile Sector Strengthens Footprint in Canadian Market

01/06/2026
Vietnam Plans Major Railway Industrial Complex to Strengthen Domestic Rail Sector

Vietnam Plans Major Railway Industrial Complex to Strengthen Domestic Rail Sector

01/05/2026
Trans‑Pacific Ocean Freight Rates Climb on Early Lunar New Year Demand and Longer Voyages

Trans‑Pacific Ocean Freight Rates Climb on Early Lunar New Year Demand and Longer Voyages

01/05/2026
U.S. Delays Tariff Hikes on Imported Furniture and Cabinets Amid Trade Talks

U.S. Delays Tariff Hikes on Imported Furniture and Cabinets Amid Trade Talks

01/05/2026
2025 Peak Retail Season Delivers One of the Strongest Markets for Trucking in Year

2025 Peak Retail Season Delivers One of the Strongest Markets for Trucking in Year

01/03/2026
Saudi Arabia’s New Data Hub Project Could Transform Digital Logistics Infrastructure

Saudi Arabia’s New Data Hub Project Could Transform Digital Logistics Infrastructure

01/02/2026
U.S. Postpones Tariff Hikes on Imported Wood Products, Easing Immediate Supply Chain Pressure

U.S. Postpones Tariff Hikes on Imported Wood Products, Easing Immediate Supply Chain Pressure

01/02/2026
supplychainreport
Thursday, January 8, 2026
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Decline in Irish Crab Market Puts Pressure on Fishing Industry

by Geraldine S.
05/24/2024
in Compliance, Supply Chain Transparency

The Irish crab market has faced a significant downturn, raising concerns among crab fishers about the sustainability of their businesses, according to a recent report by RTÉ. A notable decrease in demand for Irish brown crab in major markets such as France, Spain, and Portugal has resulted in a 40% drop in income for Irish crab fishers. Some fishers are struggling to sell their catch, as Irish buyers who export crab are hesitant to purchase due to the risk of holding unsold stock. The decline in European demand is attributed to rising living costs and increased transportation expenses for fresh produce. Irish crab exports, which are typically valued at up to €50 million annually, have seen a substantial reduction in recent weeks.

Following a slowdown in the Chinese market, France experienced a complete collapse, with Spain’s market rapidly diminishing and demand in Portugal drying up. The situation is further exacerbated by the declining price of lobster and a ban on pollack fishing. Lobster prices have dropped from €30 per kg to €15 per kg within a month. Fisherman Ciarán Ó Lúing explained to RTÉ that their options have become severely limited. “In the past, if crab prices fell we could rely on pollack. Now that is gone as well,” said Ó Lúing. “Lobster is struggling, and all that is left is crayfish, but if everyone turns to crayfish at once, the price will crash there too.”

YOU MAY ALSO LIKE

USPS Tightens Vetting for Immigrant Truck Drivers, Potentially Impacting Freight Networks

Logistics Sector Highlights Importance of Noise Monitoring to Safeguard Workers and Operations

Fisherman Eoin Feirtéar described this season as particularly challenging, especially after investing in a new 12-meter boat. “We are down 40-45% on what we would normally earn. We are only going out once or twice a week now because there is no point. The buyers will not take crab from us.” Michael Desmond, chairman of the National Inshore Fisherman’s Association, emphasized the need for support measures to assist fishers. “We saw this coming seven months ago when the processed crab industry in Ireland began to struggle. Factories started closing,” Desmond said. “We need immediate financial support for fishermen and proper crab management policies to ensure a stable market. We’re facing a significant challenge.” The call for financial support and better management policies highlights the urgency to stabilize the market and support the fishing industry during this difficult period.

#FishingIndustry #SeafoodSupplyChainNews #MarketDemand #SupplyChainChallengesNews #MarineEconomyNews

ShareTweet

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.