Prices around $8 or $9 per pound are typical of this month in Maine. “It looks like it might be tough year marketwise.”. Dock prices for lobster in Maine are dropping as low as $2.30 a pound, and lobstermen and regulators are looking at options to prevent a full-fledged crash. val = parseInt(cookies[i].split('=')[1]); Prices around $8 or $9 per pound are typical of this month in Maine. Enter your email below and we'll send you another email. But they haven’t started catching that big volume yet that will really dictate where the price lands.”. [...].

The company has already laid off eight of its 15 workers and will face an even harder hit if the lack of exports carries into May and June, he said. An error has occurred while trying to update your details. Below is the current Red Lobster menu with prices. “We have a lot of customers in Hong Kong. President Trump has directed the federal government to provide lobster fishers with financial assistance to make up for lost income from China’s tariffs. var cookieString = "MSPAN_Paywall_user=0; domain=. By checking this box, I agree to the terms of service and privacy policy of Rogers Media. "^\w+\./, '')+"; path=/; expires=" + date.toGMTString(); With restaurants slowed or shuttered, consumers are already paying less than $6 per pound in some markets – $2 to $3 dollars less than typical of this month in Maine. } Wholesale prices for hardshells have rebounded a bit from spring lows, but are still trending at about $1.50/lb below normal, Taylor said. Once-reliable foreign markets are inaccessible or less accessible because of attempts to curtail spread of the disease. But that could change when the fishing season picks up in the summer, Sackton said. Because of our proximity to Boston, we’re able to ship lobsters twice daily. var mediaContent = "media\\:content,content"; China is one of the biggest buyers in the world for lobsters from the U.S. and Canada, which harvest the same species in the Atlantic Ocean. This story is a production of the New England News Collaborative and was originally published by Maine Public Radio. They report fetching $2.50 to $3.00 per pound for softshells at the dock, roughly a dollar less per pound than usual for this time of year. China is one of the biggest importers of lobster in the world, and it isn't taking any of the shellfish right now as it seems to control the spread of the virus. } } Keliher also warned that Maine bait fishermen who are going after menhaden as an alternative to the struggling herring fishery should be careful to avoid creating a glut and dumping unsellable fish overboard, because that could invite regulatory action.

“Otherwise we’re going to have a disaster.”. For most people, the virus causes only mild or moderate symptoms, such as fever and cough. Website by, Contact us for a custom Wholesale Price Quote. This year, fishers will likely bring lobsters to the docks in a time when restaurants are slowed or shuttered and seafood processors aren’t taking nearly as many of the crustaceans, industry members said.

See how our state-of-the-art facility, strategic location, commitment to quality and unsurpassed service add up to a great wholesale partnership. var cookies = document.cookie.split('; '); It’s not far from the point where the cost of fishing outweighs the benefit, he said, noting that he and his peers are being charged $125 for roughly 100 lbs of herring, five times the cost from just a few years before. Send me promotions, surveys and info from 660 NEWS and other Rogers brands.

But the longtime Canadian lobster exporter isn't resting on his laurels and is already thinking about the likely return of the coronavirus. Meanwhile, on the eastern shore of Nova Scotia, the catch was down by 20% or so, but the price there remained at CAD 5/lb. }; var cookieString2 = "MSPAN_Paywall_user=0; domain=""; path=/; expires=" + date.toGMTString(); That’s what usually happens, anyhow. July is the month when everything is magical for the seafood industry in Maine. Send me alerts, event notifications and special deals or information from our carefully screened partners that may be of interest to me. “The price of lobster [per pound] fluctuates all the time,” LaCroix says. The inability to export lobster overseas is sending more of the crustaceans into the U.S. market, and that has depressed prices, said John Sackton, an industry analyst and publisher of The worldwide markets for live lobsters have been disrupted by the coronavirus, and members of the industry are concerned it could worsen if the outbreak lingers into the summer. This is how many states count votes received after Election Day, States still in play and what makes them that way, Judge declines to move trial of officers in Floyd's death, School district fires Marine vet over medical marijuana use, In this Friday, March 13, 2020 photo, Issac Nicoll packs lobsters for shipment at the Lobster Company in Kennebunkport, Maine. Meanwhile, after dealing with COVID-related export struggles, Canada has resumed shipping lobsters to China and other parts of Asia in large volumes. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover.

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We’ve been serving domestic and international wholesale customers for more than 30 years, and we’d love to work with you! Prices for New England halves — a whole lobster weighing 1.5 pounds — have tumbled 17% since Jan. 20 and are currently at $8.10, the lowest for the period since at least 2016, she said. Areas that saw great volume included the Cape Breton and Gulf of Saint Lawrence-side of Nova Scotia, as well as the coasts of the provinces Prince Edward Island and Newfoundland and Labrador, he said. Comments are not available on this story. Browse 1000's of fresh, local, quality products. var val = 0; The worldwide markets for live lobsters have been disrupted by the coronavirus, and members of the industry are concerned it could worsen if the outbreak lingers into the summer. They are either taking very small quantities or not at all,” Bruns said. “Where the catch was greatest, the price was lowest, and where the price was highest, the catch was lowest, so it all kind of worked out.”. The US is important to the overall North American lobster (Homarus americanus) sector, too, accounting for roughly 40% of the total landings with Canada contributing the larger 60% share. Robert F. Bukaty/Associated Press. Lobster prices falling in New England, and they could fall further. }()); A lobster boat heads out to set traps March 14 off Portland. The volume of fishing could be less this year because of the pandemic, but it’s still going to go on, said Kristan Porter, president of the Maine Lobstermen’s Association. The prospect of what could happen to prices once more harvesters get on the water in Maine is of concern to Brett Taylor, owner of the Taylor Lobster Company, in Kittery. 24/7 coverage of breaking news and live events. Enter your email address to get a new one. Though the cost of menhaden, also known as “pogies,” can be purchased for half that price, he added. Restaurants are open in the US state and doing brisk business all along the North Atlantic coast as scores of people head to the self-proclaimed “Vacationland” to enjoy the pine trees, ocean and lakes, lighthouses, cool weather, blueberries and an endless number of lobster rolls. China is one of the biggest buyers in the world for lobsters from the U.S. and Canada, which harvest the same species in the Atlantic Ocean. Gotwals said the co-operative he belongs to initially was paying $2.25/lb for softshells but has raised its price to $2.50/lb, adding that hardshells are drawing $3.50/lb at the dock.

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