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Coronavirus

Newfoundland panel sets minimum shore price for lobster at CAD 3.25/lb

'There will be market challenges ... and we wanted to ensure that harvesters would be paid at least CAD 3.25 per pound, and not less, regardless of the challenges' -- FFAW

By Jason Huffman | May 1, 2020 17:14 BST
A majestic Canadian lobster. Photo courtesy of Tangier Lobster Company, in Nova Scotia.
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No matter how low the coronavirus pandemic drives the price of lobster in 2020, harvesters in the Canadian province of Newfoundland and Labrador (NL) won’t get paid less than CAD 3.25 ($2.32)/lb. [...]

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