Tag Archives: Lobster Fishers of P.E.I. Marketing Board

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

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

Lobster prices – ‘There is a problem with the whole system and it has to be addressed’

The group that markets P.E.I. lobster says this year’s price is good, but could be better. The Lobster Fishers of P.E.I. Marketing Board says fishermen are getting a bit more than last year — between $5 and $5.75 for canner lobsters which are smaller and $6 to $6.75 for larger markets, said the group’s chair and fisherman Charlie MacGeoghegan. He said fishermen in Nova Scotia are getting more for their lobster. “If you take 2018 versus 2017 it was over a dollar a pound in the difference between Nova Scotia and here, so that’s, on last year’s catch that’s $38 million.” >click to read<12:55