Lobster Troubles

(Halifax, Nova Scotia) According to this report, lobstermen are suffering from low market prices for their product. Apparently, the economic downturn has caused people to forego purchasing expensive lobster dinners and the result of the lower demand is lower prices.

Typically, lobsters are sold for $5 to $6 per pound. Right now, lobstermen are seeing about $4 per pound which makes it hard to cover costs.

Consequently, some lobstermen are renting trucks, loading up lobsters and heading to the big city to try and get $5.50 to $6 per pound.

Market prices in my area generally run $11 to $13 per pound for live lobster, a heady price to pay if one is throwing a party or simply feeding a family. A dip in the going rate is welcome.