May 7, 2018 — PORTLAND, Maine — Lobster prices are high in the U.S. right now, but members of the industry expect them to come down soon as the Canadian catch creeps up and America’s summer haul gets going.
One-pound lobsters, which Mainers call “chicks,” are selling for about $12 per pound to consumers, which is a couple of dollars per pound more than six months ago. The U.S. lobster industry, based heavily in Maine, 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. Canada’s spring fishing season is just starting to heat up, which means prices already are starting to track back down, industry members said.
Read the full story from the Associated Press at the Boston Globe