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Lobster Harvesters Bank on Fatter Paychecks

Published 1 month, 1 week ago
Description

Lobster harvesters in the Maritimes are anticipating higher paychecks this spring, despite soaring costs for fuel, bait, and gear. With lower lobster supplies and increased demand due to the removal of trade barriers with China, theyre aiming for shore prices of at least nine to ten dollars per pound to break even. Fuel costs have nearly doubled, and bait prices are also rising due to higher shipping fees. The recent trade deal has led to a surge in orders from China, boosting optimism among harvesters, who are also exploring new markets to diversify their income.

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