They are wriggly, they are gross and they are worth more than US$2,000 a pound. Soon, fishers might be able to catch thousands of pounds of them for years to come.
Baby eels, also called elvers, are likely the most valuable fish in the US on a per-pound basis — worth orders of magnitude more money at the docks than lobsters, scallops or salmon. That is because they are vitally important to the worldwide supply chain for Japanese food.
The tiny fish, which weigh only a few grams, are harvested by fishers using nets in rivers and streams. The only state in the country with a significant elver catch is Maine, where fishers have voiced concerns in the past few months about the possibility of a cut to the fishery’s strict quota system.
Photo: AP
An interstate regulatory board that controls the fishery has released a plan to potentially keep the elver quota at its current level of a little less than 10,000 pounds (4,536kg) a year with no sunset date.
Fishers who have spent years touting the sustainability of the fishery are pulling for approval, Maine Elver Fishermen Association director Darrell Young said.
“Just let ‘er go and let us fish,” Young said. “They should do that because we’ve done everything they’ve asked, above and beyond.”
Photo: AP
A board of the Atlantic States Marine Fisheries Commission is scheduled to vote on a new quota system for the eel fishery on May 1. The board could also extend the current quota for three years.
The eels are sold as seed stock to Asian aquaculture companies that raise them to maturity so they can be used as food, such as kabayaki, a dish of marinated, grilled eel. Some of the fish eventually return to the US where they are sold at sushi restaurants.
The eels were worth US$2,009 a pound last year — more than 400 times more than lobster, Maine’s signature seafood. The state has had an elver fishery for decades, but its eels became more valuable in the early 2010s, in part, because foreign sources dried up.
The International Union for Conservation of Nature lists the European eel as more critically endangered than the US eel, although some environmental groups have pushed for greater conservation in the US.
Since booming in value, elvers have become the second-most valuable fish species in Maine in terms of total value. The state has instituted numerous new controls to try to thwart poaching, which has emerged as a major concern as the eels have increased in value.
The elver quota remaining at current levels reflects “strong management measures we’ve instituted here in Maine,” Maine Department of Marine Resources Commissioner Patrick Keliher said.
A quota cut “could have been a loss of millions of dollars in income for Maine’s elver industry,” he said.
This year’s elver season starts next week. Catching the elvers is difficult and involves setting up large nets in Maine’s cold rivers and streams at predawn hours.
That has not stopped new fishers from trying their hand in the lucrative business. The state awards to right to apply for an elver license through a lottery, and this year more than 4,500 applicants applied for just 16 available licenses.
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
Taiwanese manufacturers have a chance to play a key role in the humanoid robot supply chain, Tongtai Machine and Tool Co (東台精機) chairman Yen Jui-hsiung (嚴瑞雄) said yesterday. That is because Taiwanese companies are capable of making key parts needed for humanoid robots to move, such as harmonic drives and planetary gearboxes, Yen said. This ability to produce these key elements could help Taiwanese manufacturers “become part of the US supply chain,” he added. Yen made the remarks a day after Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) said his company and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) are jointly
MARKET SHIFTS: Exports to the US soared more than 120 percent to almost one quarter, while ASEAN has steadily increased to 18.5 percent on rising tech sales The proportion of Taiwan’s exports directed to China, including Hong Kong, declined by more than 12 percentage points last year compared with its peak in 2020, the Ministry of Finance said on Thursday last week. The decrease reflects the ongoing restructuring of global supply chains, driven by escalating trade tensions between Beijing and Washington. Data compiled by the ministry showed China and Hong Kong accounted for 31.7 percent of Taiwan’s total outbound sales last year, a drop of 12.2 percentage points from a high of 43.9 percent in 2020. In addition to increasing trade conflicts between China and the US, the ministry said