November 25, 2016 — ELLSWORTH, Maine — The demand for lobster is on a roll — often literally. And that is helping to keep the price that Maine lobstermen are getting for their catch near historic highs.
The annual per-pound price first rose above $4 in 2004 and stayed there through 2007, then fell sharply during the recession. In 2015, annual price paid to Maine lobstermen reached $4.09 a pound, the first time it had topped the $4 mark since 2007.
This year, dockside prices for lobster have been close to or above the $4 level throughout the summer and fall, when most lobster is caught and prices usually dip to reflect the ample supply.
The demand for lobster has been buoyed, in part, by the number of casual restaurants that now include it on their menus and by the growing popularity of lobster rolls sold from roadside food trucks, according lobster industry officials.
“No question, more people are offering lobster up and down the [restaurant] hierarchy,” Matt Jacobson, head of the Maine Lobster Marketing Collaborative, said. “More awareness and more vendors is great, and drives demand.”
Among the eateries boosting demand for lobster rolls are the Luke’s Lobster chain of restaurants, franchised food trucks, such as Cousins Maine Lobster, and even McDonald’s, which has served lobster rolls at its New England locations the past two summers.
Jim Dow of Bar Harbor, vice president of Maine Lobstermen’s Association, said that, despite the mild weather last winter and warmer-than-usual water in the Gulf of Maine this past spring, there was not a repeat of the glut of new-shell lobster that in 2012 sent prices plummeting to their lowest point in decades.
“We did not get a big burst when the shedders first started” in early summer, Dow said. “They came in, but it was short-lived.”
Dow, who fishes out of Bass Harbor on Mount Desert Island, said that while fisherman in that area have been getting around $4 to $4.50 per pound this fall, the price of bait has been much higher than last year. This year he is paying $45 to $50 per bushel of herring, compared with $25 a year ago.
“Our bait price doubled,” Dow said, adding that fuel prices have stayed relatively low.
Patrice McCarron, executive director of Maine Lobstermen’s Association, said recently that the increase in bait costs could mean that many lobsterman earn less money this year even if their gross revenues rise.