Advertisement

Baby eels rocketed back up in value this year

FILE- In this May 25, 2017, file photo, baby eels, also known as elvers, are held by a...
FILE- In this May 25, 2017, file photo, baby eels, also known as elvers, are held by a fisherman in Brewer, Maine. The lucrative baby eel fishing industry is recovering after the prices tanked last year due to the pandemic. (AP Photo/Robert F. Bukaty, File)(Robert F. Bukaty | AP)
Updated: Jun. 21, 2021 at 11:21 AM EDT
Email This Link
Share on Pinterest
Share on LinkedIn

PORTLAND, Maine (AP) — Maine’s fishery for baby eels recovered in value this spring.

The fishery is one of the most valuable in the country on a per-pound basis.

The baby eels, called elvers, are valuable to Asian aquaculture companies that raise them to maturity so they can be used as food.

The eels are typically worth around $2,000 per pound, but fell to $525 per pound in 2020 due to disruption and economic turmoil caused by the coronavirus pandemic. But the Maine Department of Marine Resources reported recently that the eels were worth $1,849 per pound this year.

Copyright 2021 The Associated Press. All rights reserved.