Tight Supply Leads To Highest Maine Lobster Prices In Years

PORTLAND, Maine – The long winter may now be over but its effect is still being felt in the Maine lobster industry. That's because there's a shortage of supply, and consumers have been paying more for lobsters lately than they have in the past five years.

Business is slow at New Meadows Lobster dealers, on Portland's waterfront. A constant stream of sea water pours into row upon row of tanks. But most of the tanks contain little in the way of lobsters.

In fact, says owner Peter McAleney, today they have less than 10 percent of the lobsters they would normally have in a good year. "Honestly? Worst winter we've had in 35 years – business-wise, price-wise, for the processors, for the fishermen, for everybody," he says. "It was just a bad winter all the way round."

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