HALIFAX — It looks like the best place for Nova Scotia chefs to find lobster for their menus may be at the side of the road, where some fishermen say they will be forced to sell their catch, due to low lobster prices.
According to a report from the CBC, early estimates peg the price of lobster at $3.50 to $4.00 per pound, a price point many say is too low to maintain profitability. The story also suggests that many fishermen are prepared to hold onto their catch for as long as possible, in the hopes they can create shortages that will drive up prices. For the full story, click here.
