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Lobster's price hits an all time high


Retail lobster prices have hit an all time record high of around $15 or more a pound. In Maine, due to a combination of weather, water temperature, and the timing of fishing seasons have all come together to make it all but impossible for lobster men to fish for the lobsters. The high winds make it difficult to work the waters, and the cold water temperatures make the lobsters less hungry. This means that the lobsters don't go into the traps. Now, if the high price per pound was getting back to the lobster men that would be great, but since they are catching hardly any lobsters this translates to an exceptionally hard winter for them financially.

Thankfully now that spring is here and warmer weather is around the corner, the lobster catch should improve. The warmer water will make the lobsters come out of their winter slump and they develop an appetite. Also the Canadian lobster season is about to open which means more lobster will be available, helping to lower prices.

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