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    Government is investing millions into new technology and innovation for the lobster fishery

    Wednesday, 21 May 2025 12:00

    By Tonya Organ

    From 2015 to 2024, lobster landings increased by 263 per cent, from 5.7 million pounds to 20.7 million pounds.

    Through Budget 2025, government is investing $5.75 million in new technology, processes, infrastructure, and innovation throughout the fishing industry. The new Fisheries Minister, Lisa Dempster, read a statement in the House of Assembly this week. She says the lobster fishery is in a time of growth and potential, never seen before.  From 2015 to 2024, lobster landings increased by 263 per cent, from 5.7 million pounds to 20.7 million pounds. The landed value of lobster increased substantially from $30.7 million to $136.6 million. Dempster says government is investing in industry-led projects that will advance the lobster industry and are supporting research and development initiatives, new lobster harvesting and processing technology, traceability and eco-certification, training, and other activities to drive the sector forward.

     

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