Oireachtas Joint and Select Committees

Wednesday, 24 January 2024

Joint Oireachtas Committee on Agriculture, Food and the Marine

Crisis in Ireland's Inshore Fishing Industry: Discussion

Mr. John Menarry:

What we have been told by our crab buyers is that because of the cost of storing the product, they are not willing to buy it to store on the chance of selling it. They are only buying for markets that are guaranteed. They are not willing to take risks at the moment because of the cost of storage, transport and everything else. They are not going to take the risk of storing product that they may or may not sell later. The longer they keep it, the most costs go up for them. Their margin is not there either.