Lobster prices remain high, but dropping

News
lobster_1524525979340.jpg

PORTLAND, Maine (AP) — Lobster prices are high in the U.S. right now, but members of the industry expect them to come down soon as the summer haul gets going.

One-pound lobsters are selling to consumers for about $12 per pound, which is a couple of dollars per pound more than six months ago. The U.S. lobster industry is in a slow mode as fishermen get ready to pull traps in the summer.

The lack of fishing effort and high prices have caused some in the seafood industry to raise the possibility of a shortage, but industry members say quite the opposite is true. They say Canada’s spring fishing season is just starting to heat up, which means prices are already starting to track back down.

The U.S. industry is based heavily in Maine.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Providence

Download Mobile Apps from WPRI 12
DOWNLOAD APPS NOW: Apple App Store | Google Play Store
PINPOINT WEATHER // Quick Links:

Dan Yorke State of Mind: Dan's Daily Update

DYSOM 11/4/20:Joe Cammarano, Political Science Professor, Providence College

More Dan Yorke State of Mind

Don't Miss

Viewer Pa on WPRI.com

LIVE CAMS on WPRI.com

More Live Cams

Community Events & Happenings

More Community