Lobster prices falling in New England, and they could fall further

ASSOCIATED PRESS • June 27, 2020

The U.S. lobster fishing industry, based mostly in Maine, has had to cope with a supply chain that has been disrupted by the pandemic. Wholesale prices were lower than previous years this spring, and consumers started to see lower prices at markets earlier in June and prices could likely fall more in July. With restaurants slowed or shuttered, consumers are already paying less than $6 per pound in some markets – $2 to $3 dollars less than typical of this month in Maine.