P.E.I. fishers call spring lobster prices ‘a slap in the face’

Harvesters say they’re getting between $6.50 and $7 per pound from processors — less than last year, and about half what they were getting a few years ago. “That price we got in 2006, and you could buy a fishing fleet in 2006 for $200,000 and now they’re $1.5 million to $2 million. Everything has gone up … bait, fuel, engines, pickup trucks, rope, traps, buoys, everything,” McGeoghegan said. “So to expect us to go fishing for a price that’s 18 years old is a slap in the face. And we know for a fact … that the demand is high, higher than it’s been in the last 10 years, and supply is the lowest it’s been in 10 years.” Photos, >click to read< 07:52

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