Fisheries and Oceans minister says lobster industry’s on the right track

She bases her optimism on the way the industry has responded to the 2008-09 recession and slumping lobster prices, seeking out markets around the globe. Fall lobster prices in 2014 were a buck a pound higher that the previous year. “In the lobster industry, of course, the prices are set by supply and demand. The supply has been increasing, so it’s obvious we needed the demand to increase at a faster pace in order to keep the prices climbing,” she said. “So that’s what’s happening.” Read the rest here 14:47

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