A glut of lobsters has driven down the price of the prized crustacean in the Maritimes, leaving fishermen scrambling for ways to prop up their earnings.
The lobster industry — worth about $580 million in the region — has been battered in recent years, with prices dropping by a third within the last three years.
Prices are hovering around $3 per pound, down from $4.50 per pound in 2009, according to the Lobster Council of Canada.
Read the full story at Chronicle Herald>>
National Fisherman Live: 11/06/14
In this episode:
NOAA report touts 2013 landings, value increases
Panama fines GM salmon company Aquabounty
Gulf council passes Reef Fish Amendment 40
Maine elver quota cut by 2,000 pounds
Offshore mussel farm would be East Coast’s first