Lobster prices high, but dropping as summer approaches

Lobster prices are high in the U.S. right now, but members of the industry expect them to come down soon as the Canadian catch creeps up and America’s summer haul gets going. One-pound lobsters, which Mainers call “chicks,” are selling for about $12 per pound to consumers, which is a couple of dollars per pound more than six months ago. The U.S. lobster industry, based heavily in Maine, is in a slow mode as fishermen get ready to pull traps in the summer. >click to read<13:10

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