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Lobster Prices 2026

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Lobster Prices 2026
April 23, 2026

For the 2026 season, the lobster pricing formula remains unchanged from 2025 following the Panel’s decision to roll over the existing structure. The price to harvesters will continue to be 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.

Under the formula, for the first $5.00 of the Urner Barry market price, harvesters receive $3.25. The price to harvesters increases by 70% of any incremental amount above $5.00 and 80% of any incremental amount above $6.00.

The Union had sought to regain the use of Thursday pricing for the two weeks leading up to Mother’s Day; however, the Panel chose to maintain the existing formula without changes.

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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.