Volume Down, Quality Up for Canada’s Fish and Seafood Exports
The Honorable Loyola Hearn,
In 2005, the value of the Canadian dollar was 2.2 per cent higher than in 2004, which partly accounts for the lower value in exports. It was a down year for crab, which decreased in overall value by 30 per cent from 2004. There were a number of factors for the decline of crab prices, including disputes between harvesters and processors, unusually high prices in 2004 that led to excess inventory, the strong Canadian dollar, and higher landings in the Alaskan king crab fishery.
"The Canadian export figures show how our fishing industry is staying competitive even with the rising value of the Canadian dollar," said Minister Hearn. "The hard work and dedication by all those employed in the fishing industry, from sea to market, is what makes
The top three species exported from
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