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Analysis

North American lobster prices at or near bottom, seem poised for rebound

'The lobster market has certainly bottomed out. The $64 million question is, 'Have we turned the corner and is it strengthening?' Most of us in the industry think it is now strengthening' -- Stewart Lamont, Tangier Lobster

By Jason Huffman | June 13, 2024 17:54 BST
A Canadian lobster. Photograph courtesy of Tangier Lobster, in Nova Scotia.
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From the docks in Canada to US and foreign wholesale markets, prices for North American lobster (Homarus americanus) have found the bottom and, several sources say, are poised to start climbing again soon [...]

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