The Prince Edward Island Fishermen's Association has signed a CAD 17 million, three-year deal to sell Canadian lobster to a restaurant supply company in China.
Acting association president Craig Avery said 2.5 million pounds (1.1 million kg) of raw, blanched lobster will be exported to Lanesync Supply Chain over three years. Lanesync is just getting into the lobster business, said Avery.
"For one company, that's a very significant purchase,” said Avery, pointing out that the annual catch on P.E.I. is about 30 million pounds (13.6 million kg).
