Lobster Prices Prompt Concern

The Fish Site
by The Fish Site
25 April 2008, at 1:00am

CANADA - Fishermen in southwest Nova Scotia are greatly concerned that lobster prices will be lower this year than they were on last season's opening day.

Speaking to the Truro Daily News, Cape John fisherman Keith Heighton said he expects to be paid less for the lobsters he lands on 1 May than what he received last year and fishermen are are anxiously watching the market.

“It’s definitely not going to be as high. Prices are down at the other end of Nova Scotia,”said Heighton.

Fishermen were receiving $5 per pound for the smaller canner-sized lobsters and $6 per pound for the larger market-sized lobsters for their first haul last year.

Heighton said this year they are anticipating prices of about $4.50 and $5.50, respectively.

“If there is a lot of fish, we may even get less. It won’t be very good for any of us because fuel is up, and bait is up,” said the fisherman..

View the Truro Daily News story by clicking here.