Robert Besser
01 Jun 2023, 04:09 GMT+10
PORTLAND, Maine: Fishermen in the US's only commercial-scale fishing industry for valuable baby eels, called elvers, have recorded a productive season searching for the tiny fish, which are often worth more than $2,000 per pound due to demand from Asian aquaculture companies.
The fish are raised to maturity so they can be served in Japanese food, some of which is sold in the US at Japanese restaurants.
The Maine Department of Marine Resources said the elvers are being sold for more than $2,000 per pound this year, and fishermen are limited to a combined quota of under 10,000 pounds per year, having nearly reached their limit by early May.
Jeffrey K. Pierce, a former Maine state representative and adviser to the Maine Elver Fishermen Association, said that this year, fishermen have been helped by favorable weather and strong international demand.
Maine eels have become more valuable in recent years, as international sources of baby eels have mostly run out.
"There is a huge demand for it. They are not getting a lot out of Europe. And it's just a great product," Pierce said.
South Carolina is the only other US state with a fishing industry that catch baby eels, but its fishery is much smaller than Maine's.
Because of their value, the global eel industry has been threatened by poaching for many years, and federal law enforcement has targeted illegal eel fishing.
However, the illegal trade still continues. A study by a research team led by the University of Exeter, published this year, found that some 40 percent of North American unagi samples they tested contained European eels, which are banned from being imported and exported.
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationPANAMA CITY, Panama: On September 30, the Panama Canal said that due to a drought that has reduced the supply ...
TRIPOLI, Libya: Italy and Libya resumed commercial flights for the first time in ten years on September 30, with flight ...
SAINT GEORGE, Maine: A fire destroyed several waterfront buildings in Maine on September 29, including an art gallery with several ...
JAKARTA, Indonesia - According to Asian diplomats and the Philippines' president, Southeast Asian leaders have decided that Myanmar will not ...
NEW LONDON, Connecticut: Video footage taken deep in the Pacific Ocean provided the first detailed view of three World War ...
CUSTER STATE PARK, South Dakota: As part of an annual effort to maintain the health of the species, which has ...
DUBLIN, Ireland: The chief medical officer has issued a stark warning regarding the alarming levels of cannabis consumption in Ireland, ...
OAKLAND, California: As their current contract expires and their unions prepare to strike, Kaiser Permanente workers' representatives said, on September ...
FRANKFURT, Germany: Inflation in the eurozone hit a two-year low in September, signaling that the European Central Bank's (ECB) strategy ...
BEIJING, China: Official statistics released on the weekend showed that in September, Chinese factory activity expanded for the first time ...
NEW YORK, New York - The Nasdaq defied a general sell-off on U.S. equity markets Monday, as the new quarter ...
NEW YORK, New York - The U.S. dollar jumped sharply on Monday, extending its recent months-long rally.The euro crumbled to ...