July 2, 2012 — 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 have been selling small soft-shell lobsters in the Portland area for an unusually low $3.79 to $4.99 a pound. At those prices, lobsters have been selling for less than the per-pound price of bologna at many supermarket deli counters.
Zane Nemazie of Austin, Texas, was expecting low lobster prices — but not this low — while on vacation in Maine with his family.
“This is as good as it gets,” Nemazie said late last week after paying $4.59 a pound for large 1½-pound lobsters at a seafood shop on Portland’s waterfront. “We’re from Texas, where we’d be paying at least $12 a pound.”
At Docks Seafood in South Portland, owner Bob Coppersmith said customers were eating up the low prices, including a deal where he was selling five small live lobsters for $25. He later dropped it to five for $24.
“One gentleman came in and said, ‘So I get five lobsters for $25. What’s the catch?’” Coppersmith said. “I said there’s no catch. He said, ‘You’re going to put five lobsters in a bag and not weigh them and give me them to me for 25 bucks?’ He just couldn’t believe it.”
The Fourth of July represents the unofficial start to Maine’s tourist season, when out-of-state visitors begin arriving in earnest.
Typically, Independence Day also is when Maine’s lobster catch begins picking up as lobsters begin shedding their hard shells in favor of new soft shells. Soft-shell lobsters have less meat than hard-shell ones, but they are easier to crack open — it can be done by hand, no claw cracker needed — and sell for a lower price.
This year, though, soft-shell lobsters began showing up in abundance in fishermen’s traps weeks earlier than normal.
Most of those lobsters usually go to Canadian processors. But the processors haven’t been able to handle the Maine catch because Canadian lobstermen had such strong catches during their spring season, resulting in a backlog, said Neal Workman, head of The Fisheries Exchange, a Biddeford company that tracks prices, catches and other market information for the lobster industry.
Supply right now far exceeds demand, resulting in a “perfect storm” for the industry, he said.
Read the full story by the Associated Press in the Bangor Daily News