Lobster prices dropping

The price of lobster and seafood at large has shot up in recent years, and the price to lobster fishermen at the docks increased by about 60% last year. But lobster prices appear to be leveling off, and some retailers are selling the prized crustaceans for a couple dollars less than last year. Members of the industry said the price to fishermen is also falling at a time when they are struggling with high bait and fuel prices and costly gear conversations intended to try to protect rare whales. “And that’s why it’s hard, if bait was up and fuel was up and the price of lobsters was up, you’d be where you always are,” said Kristan Porter, president of the Maine Lobstermen’s Association. “But with those down, that makes it hard to justify going in.” >click to read< 12:08

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.