Blaming Low P.E.I. Lobster Prices on Tariff Fears Not a Good Excuse, Says Marketing Board
Some fishermen on the south shore of Prince Edward Island say there's no good explanation for the low prices they've been getting for lobster so far this spring season.
Charlie McGeoghegan, chair of the Lobster Fishers of P.E.I. Marketing Board, said smaller canner lobsters are selling for between $6 and $6.50 per pound. Larger market-sized crustaceans are fetching around $6.50 to $7.
McGeoghegan said buyers are blaming the threat of U.S.-imposed tariffs on Atlantic lobster exports for the low...
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