Lobster Market Report – November 2015

Fall landings slow, but boat prices soar; summer ‘15 ends strong for happy fishermen all along the coast

The week before the reporting week for this issue’s Lobster Market Report, a northeaster made fishing nonexistent in most places in New England.

Depending on the area, the storm ran its course for from three days to a week and a half.  During this period everybody was looking for lobster and none was being landed.

LMR_sd-SHThis caused Downeast and Midcoast Maine base boat prices to rise $.20/lb. on Oct. 7, though some midcoast wharves had already raised the price by $.10/lb on Oct. 6.

On the Oct. 7 the wharves went up another $.10/lb,  then on Oct. 9 the Downeast base boat price rose another $.25/lb.

Because prices were so volatile and changing so rapidly, the base boat prices cited are all as of Oct. 9.

Some people thought processors had driven the price too high, though that was not the view of most fishermen.


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