Atlantic mullet production, roe prices down in Florida

The hits just keep on coming against mullet fishermen in the Gulf of Mexico hub of southwest Florida.

Fishermen there have seen low production of roe mullet this past winter, then a COVID-depressed international market, and, lately, a red tide bloom in the Fort Myers area. 

“We didn’t have a lot of buyers because of ... COVID,” Roy Kibbe, who operates St. James City Fish Co. on Pine Island, said. “Our production was maybe a third of what we usually do. Boat prices never got over USD 0.80 [EUR 0.66]. A lot of fishermen didn’t fish.”

During previous peak roe mullet seasons, which generally run from November through February, boat prices hovered around USD 1.75 (EUR 1.45).

Conversely, Kibbe said the domestic restaurant and retail market for non-roe mullet is strong.

“We’re buying at USD 1.00 [EUR 0.83] and selling it at USD 1.15 [EUR 0.95],” he said.

But he and other fishermen are keeping a wary eye on an emerging red tide bloom near their home waters at the mouth of the Caloosahatchee River, which he says causes the fish to move offshore and disperse. A devastating red tide outbreak there in 2018 affected marine life along 100 miles of the coast.

Further north in Cortez, Florida, Karen Bell, operator of A.P. Bell Fish Co., said she didn’t sell her first shipment of roe to Asia until April.

“Europe didn’t buy any. Africa and Mauritania are producing so cheaply that it’s hard for the U.S. to compete,” Bell said. “It’s hard when it’s become a global fishery and other countries are producing for way less than our fishermen are accustomed to getting.”

Bell said the average boat price for roe mullet was about USD 0.65 (EUR 0.54) – about half the price of a normal year. She said about 40 boats targeted mullet in her part of the gulf; usually the fleet numbers about 100.

“I’m assuming it’ll be a little better when COVID subsides,” she said.

Meanwhile, Bell is in the market for non-roe mullet, but she said they are hard to find.

Reporting by Sue Cocking

Photo courtesy of the University of Florida