Cape Breton: millions of dollars of the crustacean being held in live storage, fishermen are expected to tie up boats

Cape Breton Lobster Glut“I haven’t seen this happen before in my time. There is that many lobster that we can’t even get crates to hold them,” Kennedy said. “I’d say that for just myself, I’m probably sitting on about $1.7 million worth of lobster. I wouldn’t be shy to say there there is $10 to $12 million in lobsters floating right now in Cape Breton. Buyers have them bought, but can’t sell them.” Read more here  23:27

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