Price Plunge: Some Island Lobster Fishermen Losing $2/Lb

Some P.E.I. lobster fishermen say they were told Thursday they would get $4.50 a pound for market lobster and $4 a pound for canners — a $2 drop compared to last fall.

The P.E.I. Fishermen's Association said it has also been hearing of prices of $4.75-$4.50 for market lobster, and $4.25-$4 for canners.

"If rumours of these prices are true it is a significant decrease from prices paid in the 2016 fall season," the PEIFA said in a release.

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