Forget hot dogs, glut means cheap lobster prices

A glut has driven down lobster prices in Maine — bringing cheer to lobster-loving consumers at the start of the state's tourist season but gloom among lobstermen.
By CLARKE CANFIELD Published: July 3, 2012
Advertisement
;

A glut has driven down lobster prices in Maine — bringing cheer to lobster-loving consumers at the start of the state's tourist season but gloom among lobstermen.

Retailers in the Portland area have been selling small soft-shell lobsters for an unusually low $3.79 to $4.99 a pound.

Soft-shell lobsters began showing up in abundance in fishermen's traps weeks earlier than normal this spring, resulting in an oversupply.

That's good news for consumers: Lobsters have been selling for less than the per-pound price of bologna at many supermarket deli counters.

But lobstermen are smarting with the low prices.

Patrice McCarron, executive director of the Maine Lobstermen's Association, hopes a lot of people cook lobsters at their Fourth of July barbecues. She says that might help clear the glut and balance the market.



Trending Now


AROUND THE WEB

  1. 1
    It’s harder to be a poor student in the U.S. than in Russia
  2. 2
    Man fatally stabbed in west Tulsa early Sunday
  3. 3
    How brain imaging can be used to predict the stock market
  4. 4
    Bridenstine tours Fort Sill, satisfied with facility's transparency
  5. 5
    10 Most Popular Wedding 'First Dance' Songs
+ show more