Lobsters prices are 30% higher than they were last year -- so expensive, in fact, that many restaurants are dropping the tasty dish from their menus, according to trade publication Nation's Restaurant News.
Late winter storms interfered with catches over the past few weeks, constraining supplies. Canadian lobsters are fetching between $9.50 and $10.50 per pound in Massachusetts, the center of the industry, versus $6.50 to $7.25 per pound a year ago, the website says.
"I've never seen it this high," Bill Adler, the executive director of the Massachusetts Lobsterman's Association, told NRN.
Read the full story at MSN Money>>
Introducing National Fisherman Live, a biweekly web video featuring the latest fishing news, product information and industry analysis by our editors.
The Alaska Seafood Marketing Institute (ASMI) is delighted to announce Sara Squarstoff as the winner of the “Show Us Your Alaska Seafood” Instagram Contest.Read more...