A one-two punch – Lobster prices reach pre-pandemic cost

It’s more unwelcoming news for lobstermen and women the price of soft shell lobster has dropped to pre-pandemic levels. Beal’s Lobster Pier dock manager Justin Snyder says its a one-two punch for lobstermen. “What’s really affecting them is the increase in costs in everything else, so the lobster prices have fallen back to normal, but everything else is just as expensive bait and fuel mostly,” said Snyder. Not only is inflation a primary reason, but Snyder said it also has to do with supply and demand. “We’re seeing a reduction in the demand compared to last year. We’re in the high supply part of the lobster season. If the demand is not there and there’s no more supply, the lobster prices are going to go down,” Video, >click to read<  17:14

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