
Grenada’s Fisheries Crisis: We Must Get Back the U.S. Market
By: Dr. Adrian Joseph
Let us begin with a simple truth. Every Grenadian wants this country to succeed.
We want thriving industries, stable livelihoods, and leadership that protects our economic interests. But when it comes to the current fisheries crisis, the conversation must be grounded in economic reality. Right now, the Government’s suggestion that we should simply shift our focus to other markets such as Canada, sounds good politically, but economically it makes very little sense.
The numbers tell the real story.
In the U.S. market, fish exports can average around US$13 per pound.
In the Canadian market, the average price is closer to US$4 per pound.
That is not a small difference. That is more than three times the value.
Before we talk about new markets, we must understand the implications of that price gap.
Selling the same fish for one-third of the value means:
• Less income for fishermen
• Less foreign exchange for Grenada
• Less viability for processors and exporters
• Less ability to maintain vessels and operations
In short, the industry shrinks.
This is why the idea that we can simply pivot away from the U.S. market is deeply flawed.
The United States is one of the largest and most valuable seafood markets in the world. It is also a market where Grenadian exporters already had established buyers, logistics, and distribution networks.
New markets are not built overnight.
They require certification, compliance, logistics, buyer relationships, and years of trust.
The real question therefore, is not how quickly we can abandon the U.S. market.
The real question is how quickly we can get back into it.
The thought process is deeply flawed.
First, let us ask a basic question.
Which government anywhere has ever successfully run a trading business?
Governments create policy and enable markets. They do not replace private sector exporters. When governments try to run markets, the results are usually inefficiency and failure.
We do not have to look far for examples. This same government has not exactly demonstrated strong commercial success with entities such as the Marketing and National Importing Board. So the idea that government will suddenly engineer new export markets should be approached with caution.
Right now, what the fisheries sector needs is not press statements.
What it needs is a serious national effort to:
• Fix compliance issues with U.S. regulators
• Establish a clear timeline for restoring export certification
• Engage directly with the relevant U.S. authorities
• Stabilize the industry while that work is being done
Because this crisis is not theoretical. It is affecting fishermen, processors, and entire coastal communities. Generational investments are now at risk.
So, let me be clear. Grenada should absolutely welcome new markets. Diversification is healthy and necessary for any export industry. But new markets must come with fair prices, reliable logistics, and sustainable demand. Selling our fish at a fraction of its value while struggling with airlift and distribution challenges is not a strategy. It is survival at best. What the country needs now is a serious, disciplined plan. First, fix the compliance issue. Second, restore access to the U.S. market. Then diversify to other markets that offer fair value and logistical viability. In that order. Because anything else is simply politics when what the country needs is economic leadership.
