Lobster Prices are Dropping

Lobster Prices are Dropping: After a slow start to the winter lobster season, things are shifting quickly. Rough weather kept some of Maine’s fleet docked last week, tightening supply, but relief is on the horizon. Canada’s major winter lobster fisheries have now kicked off, bringing an influx of hard-shell product into the market.

This week, expect more consistent volume and firmer pricing. Canadian hard-shells are landing in strong numbers, especially from Nova Scotia, and are expected to help stabilize the market after several weeks of volatility. Prices are significantly lower compared to this time last year. For more details on pricing, reach out to your account manager.