Lobster prices rise as catches fall: ‘They’re all fighting for that product’
The price of lobster is up compared to last year, says the Lobster Fishers of P.E.I. Marketing Board. Live lobster is selling for as much as $11.50 a pound, said Charlie McGeoghegan, chair of the board, up from $6.50 to $7.50 last year. The jump in price is partly because catches are down now for fishers in New England, Nova Scotia and New Brunswick, he said. Catches in New England specifically are down about 16 per cent over the five-year average, he said. photos, more, >>click to read<< 06:48
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