Happy Problem - Elver Prices Tank This Year!!

Roccus7

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Market price of elvers down from over $2000 a lb last year to $500 this year. I do feel bad for the legitimate folks who depend on this fishery for important incremental income, but hope the price drop dissuades the amount of poaching that goes on.

Baby eel prices drop as Maine fishermen grapple with virus
pressherald.com/2020/04/19/baby-eel-prices-drop-as-maine-fishermen-grapple-with-virus/

By PATRICK WHITTLE Associated PressApril 19, 2020
Virus_Outbreak_Baby_Eel_Fishing_75188.jpg

The price of one of the most lucrative marine resources in Maine – baby eels – has tumbled as fishermen grapple with the difficulty of working around constraints caused by the coronavirus pandemic.

Maine is the only U.S. state with a significant fishery for the valuable baby eels, called elvers, used by Asian aquaculture companies as seed stock. The elvers are eventually raised to maturity for use in Japanese cuisine, some of which is sold in the U.S. market.
Virus_Outbreak_Baby_Eel_Fishing_56831
Baby eels, also known as elvers. Robert F. Bukaty/Associated Press

Elvers were often worth less than $200 per pound until 2011, when international sources of the eels dried up and the Maine price jumped to nearly $900 per pound. They’ve been worth more than $800 every year since, and hit a high price of more than $2,360 in 2018.

Some fishermen call the elvers “wriggling gold,” but this year, the catch is only selling for about $500 per pound.
Industry members are blaming concerns about the coronavirus for the plummeting prices.

Dealers aren’t paying as much for the elvers this year, in part because shipping is more difficult and the worldwide seafood industry has been slowed by the virus, they said. Maine also delayed the start of its own season by eight days, to March 30, and is asking fishermen to follow safety rules, such as staying 6 feet apart.

“We’re just going to the river and we’re going straight home,” said Julie Keene, an elver fisherman from the Lubec area. “Price is a lot less than normal. I think we’ve been greatly affected.”

The need to exercise social distancing while working is a change for elver fishermen, who sometimes line the state’s most productive rivers and streams cheek by jowl at the height of the season, which runs until early June.

The state should be able to complete the season if “everybody stays six feet away, keeps their distance and does everything right,” said Darrell Young, co-director of the Maine Elver Fishermen Association. However, selling and shipping the eels will remain a challenge no matter what fishermen do, he said.

For most people, the new coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia and death. Maine has had more than 800 cases and 34 deaths.

The elver fishery has weathered difficult times in the past, with the enforcement of stricter quotas from interstate regulators and years of protests from environmental groups who see the fishery as unsustainable. The trouble with the coronavirus is a new challenge, said Mitchell Feigenbaum, an elver dealer who said he nonetheless believes the fishery can sustain a full season this year.

“But a lot of our buyers and end users are going through what we’re going through. Uncertainty. Logistical risks and nightmares,” he said.
 
I thought elvers are eaten alive? They just raise them to the size their consumers want.

Do we think overfishing them had anything to do with their decline? I do. I don't know much about the Maine fishery, but I was involved in ensuring that NY protected our elvers years ago. We saw the "wriggling gold rush" coming.

I hate to see any business dealing with struggles as times change but it happens in every industry. Printing is losing to digital, taxis are losing to Uber, and Amazon is taking over the world. We all must adjust, not just the commercial fisherman.
 
I thought elvers are eaten alive? They just raise them to the size their consumers want.

Do we think overfishing them had anything to do with their decline? I do. I don't know much about the Maine fishery, but I was involved in ensuring that NY protected our elvers years ago. We saw the "wriggling gold rush" coming.

I hate to see any business dealing with struggles as times change but it happens in every industry. Printing is losing to digital, taxis are losing to Uber, and Amazon is taking over the world. We all must adjust, not just the commercial fisherman.

The eaten alive thing was a minor, passing fad when numbers where way up. IIRMC, they would get the elvers tipsy by soaking in a booze bath so they wouldn't wiggle as much so they'd be easier to grab with chopsticks. Once the prices jumped to over a few hundred bucks per lb, this practice has gone away.

The primary reason was always to fuel the Asian eel aquaculture business. The Western Pacific eel population has been decimated, as the European one also. Because most American won't eat eel, not me Grilled Eel chunks are fantastic!!, there hasn't been that much pressure on them.

Maine and one of the Carolinas, can't remember which one, are the only 2 states that have legal elver harvest for commercial sale, although the Federally mandated quotas are far bigger for Maine than it's southern counterpart.

The other Carolina has a limited to a small harvest to provide eels for their small aquaculture business.

Can't really assess impact of fishing. Very strict restrictions and regulations have been instituted once the prices exceeded $1000 per lb. Since most fishermen fill their quota long before the season ends, I've got to assume that the fishery is healthy, but that is solely based on time to fill quota. My river is one of the premier spots in Maine. AAMOF, the picture on the Maine DMR shows my river.
 
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"The primary reason was always to fuel the Asian eel aquaculture business"

What exactly is this business? Everything I've found refers to growing eels too a "glass eels" size and then selling them.
 
"The primary reason was always to fuel the Asian eel aquaculture business"

What exactly is this business? Everything I've found refers to growing eels too a "glass eels" size and then selling them.

Unagi is hugely popular in Japan, and has spread worldwide as a delicacy. It is most often enjoyed on hot summer days, with entire restaurants devoted to dishes of Unagi. As worldwide popularity has risen, stocks of freshwater eel have crashed. This has lead to concerns of the stability of the industry. With wild stocks plummeting, producers of eel have switched to farming the product, with 90% of the eel currently sold in the US being farm raised. Farm raised eel unfortunately does not mean that the wild population are left untouched. The farming process is not done by spawning eels in captivity from eggs, but rather by collecting young eel from the wild before they have a chance to breed.
 
They use the term "farming" as if they're helping the specie. I personally feel it should be shut down. The population is collapsing and we're targeting them before they can reproduce.

Seems like a recipe for disaster.
 
They use the term "farming" as if they're helping the specie. I personally feel it should be shut down. The population is collapsing and we're targeting them before they can reproduce.

Seems like a recipe for disaster.

I think Nova or NatGeo had a special on eels, I'll have to look it up, even showed my hood. In typical Japanese fashion, under the guise that Japanese eels are the best in the world, they are working on eel hatcheries so this hopefully will become a non-issue.

In my river this year a group of Native Americans exercised their treaty rights to set up their weirs. They are subject to the same quotas and regulations as the entire state.
 
Season ended yesterday with a Bad News/Good News scenario.

Bad News - They filled the quota.

Good News - COVID19 Pandemic drove down 75% from $2000/lb highs. Maybe folks won't be so inclined to fish next year. Yay COVID!!!

Maine eel fishermen have productive year, but price is low
Fishermen caught at least 9,650 pounds of the eels during a season in which they were limited to 9,688.

ASSOCIATED PRESS


Maine’s baby eel fishermen had a productive year in the state’s rivers and streams, but the price for the eels was much lower than usual.


Elvers were worth $525 per pound at the docks this year, a steep decline from last year’s average of $2,091. Press Herald file photo

The fishing season for the eels, which are called elvers, ended on Sunday.

Fishermen caught at least 9,650 pounds of the eels during a season in which they were limited to 9,688.
The elvers are valuable because they’re used as seed stock by Asian aquaculture companies that raise them to maturity for use as food.

They were worth $525 pounds at the docks this year. That’s much more than most fish species, but a steep decline from last year’s average of $2,091.

Fishermen have blamed the lower price on the coronavirus outbreak, which has stressed supply chains and made it more difficult to sell the eels and ship them overseas.

The eels are eventually used in Japanese food, some of which is sold in the U.S.
 
I'm curious, how many elvers are there in a pound? I'm sure the statistician will answer that one for me :)
 
So at a low number, Maine alone is taking over 2-million eels a year out of the ecosystem. How long can it last? I say shut it down now!

And I'm sorry about the stats comment :)
 
So at a low number, Maine alone is taking over 2-million eels a year out of the ecosystem. How long can it last? I say shut it down now!

And I'm sorry about the stats comment :)

If you really want to know what's causing the decline in eel population go back and reread my article that you published a few years ago. I can't understand why so many people blame the glass eel harvest for declining populations. The survival rate for glass eels to make it to adult hood is about 10,000 to one. So using the 2000 to 2500 per pound estimate harvesting 5 pounds of elvers is the equivalent of killing one adult eel.
 
If you really want to know what's causing the decline in eel population go back and reread my article that you published a few years ago. I can't understand why so many people blame the glass eel harvest for declining populations. The survival rate for glass eels to make it to adult hood is about 10,000 to one. So using the 2000 to 2500 per pound estimate harvesting 5 pounds of elvers is the equivalent of killing one adult eel.
Hey Mike!

I think your data is off there my good friend. The larvae have those odds. These are eels are 2-3 years old and have made the dangerous migration from the ocean to the estuaries. I don't know their survival rate, maybe you can point me to something?

Also, you might want to update that piece and we will publish it here. It would be like old times again :) I have a podcast scheduled on this subject and I'd be interested in your views.

Thanks,
George
 
Hey Mike!

I think your data is off there my good friend. The larvae have those odds. These are eels are 2-3 years old and have made the dangerous migration from the ocean to the estuaries. I don't know their survival rate, maybe you can point me to something?

Also, you might want to update that piece and we will publish it here. It would be like old times again :) I have a podcast scheduled on this subject and I'd be interested in your views.

Thanks,
George

I'm heading out for the holiday weekend. I'll get back to you next week with more details. But this study in a Nova Scotia river of American eels indicates the survival rate of glass eels just on a portion of their upriver migration is 22 eels per 1,000. And that doesn't count predation as they grow to yellow and silver eel sizes. I'll bet that less than 1 of those 22 that made it up river grew up to be a silver eel and made the spawning migration. Almost everything that swims or flys will eat eels.

Whoops! Forgot to post the link glass eel mortality
 
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Elver prices back up this year, but not at $2500/lb levels we've seen in the past...

Baby elvers rocket back up in value in Maine​

pressherald.com/2021/04/21/baby-elvers-rocket-back-up-in-value-in-maine/

By PATRICK WHITTLEApril 21, 2021
Press Herald

PORTLAND — Tiny baby eels are worth big bucks again in Maine.

The state is home to the only significant fishery for the baby eels, which are called elvers, and it’s taking place right now. Prices tanked last year due to disruption to the worldwide economy caused by the onset of the coronavirus pandemic.

This year, the fishery is experiencing a return to normalcy. The tiny, wriggling fish are worth $1,632 per pound to fishermen, the Maine Department of Marine Resources reported on April 18.

The elvers are worth so much because of the crucial role they play in Asian aquaculture. They’ve been worth between $1,300 and $2,400 per pound every year since 2015, except last year, when they were worth $525.

The elver business has benefited from improved health in international trading at large, said Mitchell Feigenbaum, an elver dealer.

“There’s confidence in the market in all commodities right now,” Feigenbaum said “There’s a crazy boom in real estate, a crazy boom in the stock market, a crazy boom in the eel market.”

The elver fishing season takes place in rivers and streams every spring in Maine. The eels are sold to Asian aquaculture companies that use them as seed stock so they can be raised to maturity and used as food.
The eels are eventually used in Japanese dishes such as kabayaki, a skewered, grilled eel fillet. Some eventually return to the United States for use in sushi restaurants.

The eel fishery is subject to a strict quota system, and this year’s mild spring has allowed fishermen to run through it fairly quickly. Fishermen are allowed no more than 9,620 pounds of elvers for the entire fishery for the year.

They’d already caught more than 5,500 pounds by April 18, the marine resources department reported. The fishery ends in early June or as soon as the quota is exhausted, whichever comes first.

The improved prices are a boon to the industry after a frustrating 2020, said Darrell Young, co-director of the Maine Elver Fishermen Association.

“It definitely makes life easier, the money does,” Young said.
 
I think it's time for Maine to step up and have a minimum size on eels, just as we do here in New York. I'm not buying into their value as a "seed." They like eating them alive.

They're taking millions of eels out of our fragile ecosystem. Follow NY's lead and eliminate it.
 

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