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Lots of the tackle shops I talk to every Sunday wanted to talk about eels last Sunday. Seems that the Canadian goverment has put limits on the amount and size of eels that can be exported. No eels smaller then 14 inches and fewer of them, so the prices are going up. Once the ASMFC acts on eels you can expect the prices to go even higher. Its a supply and demand thing. The supply is shrinking but the demand isn't. The days of the $1.50 eel are numbered.
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