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 |