Lobster price clawing its way back up

Sherry Martell
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Fishermen say its too little, too late

BARRACHOIS - Lobster prices are on the rebound after weeks of sitting at rock bottom.
Last week, the shore price for market-size lobsters increased by about 50 cents per pound, now netting fishermen $4 per pound for their efforts.
"It's too little too late but at least it's going the right way now," said Barrachois fisherman Stanley Reid.
He said although the increase was positive the boost came too late in the season and may not be enough to compensate for the loss fishermen in less lucrative areas have already experienced.
At the beginning of the season lobster fishermen from Pugwash to Lismore received about $4.50 per pound for their catch, but three weeks into the season the shore price dropped to about $3.50 per pound, where it remained until this week.
"It should never have gone that low in the first place," said Reid. " We got that back in the 80s."
The price increase also coincided with Father's Day weekend that for some lobster pounds traditionally yields the second highest sales of the year.
Kim Gunning-Hill, general manager of the Lobster Pot in Lyons Brook, said for them, only Mother's Day lobster sales top last weekend's special occasion.
She said they see a unique trend in sales every year where on Mother's Day they typically sell more of the market-size lobsters , but on Father's Day the smaller canner-size lobsters are the most popular.
She said they have been in business for 24 years and have always sold 100 per cent local lobster.
While some fishermen are told by international buyers the price is low because of a depressed global market, the local market has remained strong.
"There always seems to be a demand for them locally," said Gunning-Hill. "We found we were a little bit busier this year."
Some fishermen are not waiting to see if the price goes higher before the season closes on June 30 and have already begun the tedious task of landing their gear.

Geographic location: Pugwash, Lyons Brook

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Recent comments

  • Troy
    January 18, 2010 - 11:11

    Don't we all

  • Bob
    January 18, 2010 - 10:51

    I wish my pay was based on what I thought I deserved instead of market forces.

  • Troy
    January 18, 2010 - 10:47

    Stop fishing for the lobster until they pay you what you deserve!!!! They will come around when there is none to BUY!!