High lobster prices could be a sign of things to come for P.E.I.’s spring fishery

The cost of the crustaceans in most stores is higher than normal for this time of year, running anywhere from $20 to $26 per pound. Most of the lobster caught last year and stored on the Island has already been sold, and fewer boats take part in the winter fishing season in nearby New Brunswick and Nova Scotia. Charlie McGeoghegan, chair of the Lobster Fishers of P.E.I. Marketing Board, said there are only 2,500 boats on the water in Canada right now, compared to 7,000-plus during the spring season. “The boat prices are anywhere from $16.50 to $17.25 — [that’s] what we’re hearing.”  more, >>click to read<< 06:50

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