Tag Archives: Lobster price

Why lobster prices are so high and what it means for the industry

Lobster prices in the Maritimes are high and buyers in Nova Scotia say they’ve never seen lobster on the wharf sell for $8 per pound in early May. This is the time of year when almost every lobster fishery on the East Coast is open — there are more boats on the water in early May than there are at pretty much any other time of the year. With so many traps in the water, why is the price so high? “This is the highest price in the history of the commercial fishery in the spring on this date. I emphasize on this date,” said Stewart Lamont, a lobster buyer on Nova Scotia’s eastern shore and managing director of Tangiers Lobster Company. click here to read the story 09:57

Lobster price depends on whose plate

10-lobsters1Last week the news was filled with stories about the price of Maine lobster reaching its highest point in 10 years or more. Some trade publications were talking about 1¼-pound hardshells selling for as much as $8.50 over Labor Day weekend. That may be true, but its news to most dealers and fishermen in Downeast Maine when it comes to discussing the boat price. “I’m getting $4.35 plus whatever bonus at the end of the year,” a lobsterman from Blue Hill said on Sunday. That price was for shedders — or what the industry-funded Maine Lobster Marketing Collaborative prefers to call “new shell” lobsters. The fisherman hasn’t caught any hardshell lobsters all summer. Read the story here 12:06

Lobster price comes with a catch

THE VANGUARD – Looks like Old Man Winter has been able to accomplish what lobster fishermen haven’t been able to do for themselves over the past few seasons. He’s driven up the price of lobster.Last week fishermen – those who fish during the winter months – were being paid a shore price of $8 a pound for their lobsters. That’s a far cry from the $3 price back in the fall. continued