Lobster season off to good start says P.E.I. fisherman

Lobster catches are starting strong this season, but the industry continues to adapt to an unusual market, says one P.E.I. fisherman. “The catches have been good. The weather’s kind of up and down depending on the day,” said Charlie McGeoghegan of Pinette. “The prices are, well, they’re definitely lower than we feel they should be, but there is kind of a unique situation going on, compared to other years.” Market-sized lobsters are selling for $4.25 per pound while canners go for $4. It’s the price buyers committed to at the start of the season. Last year, the same lobsters would have fetched $7 and $6.50 per pound. “That’s about $100 million that’s gone out of the economy,” said McGeoghegan. >click to read< 11:54

This site uses Akismet to reduce spam. Learn how your comment data is processed.