P.E.I. lobster fishers face low prices early in 2025

Low lobster prices are plaguing P.E.I. lobster fishers in the early days of this season. Chris Wall, who fishes out of Malpeque, said Island fishers are receiving $6 to $6.50 per pound right now since the season began April 25. “I was talking to my cousin (April 30) and we had got that price 25 years ago,” Wall said in a telephone interview on May 1. “For a period of time we were at $5 and $5.50 (per pound) 25 years ago.” To add some perspective, Wall paid $30 a pan 25 years ago and now pays $200. His fuel was 35 cents a litre 25 years ago and now it is $1.65. His hired help is $1,500 per week to $2,000. McGeoghegan said Maine fishers are getting $7 per pound, which, with the exchange rate, is the equivalent of about $10 Canadian. more, >>CLICK TO READ<< 09:14

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