Tag Archives: the market

After months of lobster industry losses, things may finally be taking a turn for the better

“We’ve come through the pandemic and it’s been challenging for everyone, to say the least,” says Geoff Irvine, Executive Director of The Lobster Council of Canada. This week, lobster season opened for some parts of the Maritimes including the North shore of New Brunswick, some parts of PEI, Nova Scotia’s Northumberland Strait and pars of Nova Scotia’s Northumberland Strait.  “We’ve seen the lobster market adjust quite dramatically from very strong demand and high, high prices, record prices in January pre-pandemic, and we’ve adjusted to a new reality and we’re in recovery mode now,” Irvine says. >click to read< 16:01