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First Lobster Price of 2020

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First Lobster Price of 2020
May 12, 2020

The lobster price for the week of May 3 to 9 has been released this evening based on the Urner Barry price calculations. $6.76/lb is an excellent price and is a result of a market shortage leading up to Mother’s Day weekend.

The lobster season was delayed in both NL and Nova Scotia, meaning there was very little supply for the biggest lobster selling day of the year. Many areas in the gulf will open on May 15 which will result in larger landings and uncertainty in regards to prices.

The next price will be for the week of May 10 to 16 and will be available next Wednesday. 

Effective Date Average Market

Price USD

 Exchange Rate Average Market

Price CDN

 Minimum Shore Price
March 3-9th $6.80 1.3995 $9.51 $6.76

 

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Dr. Erin Carruthers

Dr. Erin Carruthers is the Science Director and Senior Fisheries Scientist with the Fish, Food and Allied Workers Union (FFAW-Unifor), which is the labour union that represents the owner-operator fleet in Newfoundland and Labrador. The FFAW is committed to research and management that supports healthy oceans, fisheries, and coastal communities. Dr. Carruthers received her Ph. D. in Biology from Memorial University in 2011 followed by a postdoctoral fellowship with the Centre for Fisheries Ecosystems Research. Before coming to Newfoundland, Erin worked as a Research Biologist with Fisheries and Oceans Canada at the St. Andrews Biological Station. Her current research program is co-constructed with fish harvesters and includes research on coastal fishing communities, collaborative longline and trap surveys, and best practices for the avoidance, handling and release of unwanted catch.