Low Lobster Prices Spur Talk of Industry Shutdown
July 17, 2012
Bangor Daily News: Not since the 1970s has the price Maine fishermen have been paid for their lobster been so low.
After having earned more than $4 per pound per year for four years running in the mid-2000s, lobstermen in Maine this week are being offered less than $2 per pound for their catch.
But the time warp has not affected the price of diesel fuel, which powers most lobster boats, or the costs fishermen face when they buy gear and bait, pay a sternman, or make a boat payment.
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