PEI Lobster glut leads to quotas amid low prices – Prices remain low as boats return to the water

CBC_News_logoMany P.E.I. lobster fishermen face daily quotas on their catches because the processors say they’re being overwhelmed by large catches. The quotas, which started over the weekend, range between 500 to 1,000 pounds per boat. It’s adding to boiling frustrations after low prices sparked protests last week. continued