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The value of Canadian lobster exports has skyrocketed driving the wharf price toward a record high
Two weeks ago, at wharfs in Nova Scotia, the price of lobster was the highest it has ever been. Stewart Lamont, managing director of Tangier Lobster Company, a live lobster exporter in Nova Scotia, said the shore price for lobster, the amount fishermen get from buyers, was $18 a pound. That’s more than double the regular pre-pandemic price. It has since gone down due to a drop in exports and higher supply. Lamont said this week lobster was around $12 to $12.50 a pound. While high prices mean more money for lobster exporters and fishermen, Lamont said he is scared that if lobster becomes too expensive, people and businesses will simply stop buying it. >click to read< 10:52
