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Lobster Prices 2025

The lobster formula continues to be in place for the 2025 season. The price to harvesters is based on the Tuesday Urner Barry market price from the start of the season to Mother’s Day. After Mother’s Day, the price to harvesters will be calculated using the Thursday-Tuesday average Urner Barry market price. The formula provides the following sharing arrangement: for the first $5 of the Urner Barry market price, harvesters get $3.25. The price to harvesters will increase by 70% of any incremental amount greater than $5.00 and 80% of any incremental amount greater than $6.00.

WeekAverage UB Price (USD)Exchange RateAvg. UB (CAD)Minimum Price
April 20 – 26$7.501.38536$10.39$7.46
April 27-May 3$6.951.38205$9.61$6.83
May 4-May 10$6.751.38930$9.38$6.65
May 11-May 17$6.701.39635$9.36$6.63
May 18-May 24$6.701.38067$9.25$6.55
May 24-May 31$6.701.37693$9.23$6.53
June 1-June 7$6.701.36924$9.17$6.49
June 8-June 14$7.031.36216$9.57$6.81
June 15-June 21$7.631.37040$10.45$7.51
June 22-June 28$8.051.36855$11.02$7.96
June 28-July 5$8.731.36133$11.88$8.65
July 6-July 12$9.381.36841$12.83$9.41
July 13-July 19$9.631.37191$13.20$9.71

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.