April 29, 2014 — Of 10 key species studied by NOAA, only American lobster dropped in price from 2003 through 2012.
It’s a tale well known in Maine: Lobster prices have tanked over the past decade as the harvest has surged.
Among 10 key species that the National Oceanic and Atmospheric Administration examined, only American lobster dropped in price from 2003 through 2012, according to a report released Tuesday.
Commercial fishermen in the United States harvested 9.6 billion pounds of fish and shellfish in 2012, earning $5.1 billion. Sea scallops, shrimp, Pacific salmon and American lobster contributed the most to total revenue.
The greatest increase in landings from 2003 to 2012 was in lobster. The catch more than doubled nationally, to more than 149.5 million pounds. Nationally, the price of lobster fell 27.5 percent, from an average of $3.96 a pound in 2003 to an average of $2.87 a pound in 2012, the report said.
Other species, such as Pacific halibut, Pacific salmon, sea scallops and tuna, roughly doubled in price per pound.
Read the full story at the Portland Press Herald