Fishermen seek regulation of lobster price

Fishermen will not head out on the water before the price of lobster is set next year, says PEIFA president Mike McGeoghegan. (CBC)

The P.E.I. Fishermen’s Association is looking to Îles de la Madeleine for a model to get higher lobster prices. McGeoghegan thinks he might see a solution in Îles de la Madeleine, the Quebec archipelago sitting in the middle of the Gulf of St. Lawrence north of P.E.I. Prices there are set each week by a local marketing board which looks at how much buyers make when they sell the product to restaurants and retailers. continued