Lobster Prices Down - FOX44 - Burlington / Plattsburgh News, Weather & Sports

Lobster Prices Down

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PORTLAND, Maine -

A glut has driven down lobster prices in Maine - bringing cheer to lobster-loving consumers at the start of the state's tourist season but gloom among lobstermen.

Retailers in the Portland area have been selling small soft-shell lobsters for an unusually low $3.79 to $4.99 a pound.

Soft-shell lobsters began showing up in abundance in fishermen's traps weeks earlier than normal this spring, resulting in an oversupply.

That's good news for consumers: Lobsters have been selling for less than the per-pound price of bologna at many supermarket deli counters.

But lobstermen are smarting with the low prices.

Patrice McCarron, executive director of the Maine Lobstermen's Association, hopes a lot of people cook lobsters at their Fourth of July barbecues. She says that might help clear the glut and balance the market.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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