April 20, 2022 — Elver season is winding down as almost 8,000 pounds of the tiny glassine eels have been pulled from Maine waters, including the Pemaquid and Medomak rivers in Lincoln County.

The elver fishery is the second most valuable fishery in Maine despite its brief season, lasting only 11 weeks from March 22 to June 7. Recent years have seen annual income generated by the fishery exceed $20 million. And from a per pound perspective it easily tops lobsters as the most lucrative fishery in the state, and possibly in the country.

High demand for the young eels overseas spiked the price to more than $2,800 per pound in 2018. After plummeting to around $500 in 2020 due to the pandemic, prices have recovered and are averaging $2,114 per pound this year, according to the Maine Department of Marine Resources.

Read the full story at the Bangor Daily News