PORTLAND, Maine — Lobster prices are high in the U.S. right now, but members of the industry expect them to come down soon as the Canadian catch creeps up and America’s summer haul gets going. The U.S. lobster industry, based heavily in Maine, is in a slow mode as fishermen get ready to pull traps in the summer. The lack of fishing effort and high prices have caused some in the seafood industry to raise the possibility of a shortage, but industry members say quite the opposite is true. Canada’s spring fishing season is just starting to heat up, which means prices already are starting to track back down, industry members said. U.S. lobstermen who were getting $10 per pound for their catch at the dock in March are now getting closer to $6, said Spencer Fuller, a lobster buyer and the president of the Maine Lobster Dealers’ Association.

Source: thestar May 07, 2018 16:07 UTC