, rebukes from key retailers and the looming possibility of new fishing restrictions.
Maine lobster has exploded in value in recent years in part due to growing international demand from countries such as China. The industry brought about 98 million pounds of lobster to the docks worth about $389 million in 2022, Maine regulators said Friday. That was more than 11% less than the previous year, in which they harvested more than 110 million pounds of lobster worth more than $740 million.
The value of lobsters also fell to a little less than $4 per pound at the docks, the lowest since 2017, a year after setting a record of more than $6.70 in 2021. The industry has experienced growth in recent years, as fishermen have caught more than 96 million pounds of lobster per year for 13 years in a row after never previously reaching that mark. But it is also wrangling with threats such as Get New England news, weather forecasts and entertainment stories to your inbox.
Last year was a “real steady season,” for the most part, but the high price of doing business and a diminished price per pound for lobsters were challenges, said John Tripp, a fisherman from St. George.The lower price to fishermen last year did not necessarily translate to lower prices for consumers, as lobsters remain a premium seafood product. Fishermen are typically paid $4 to $5 per pound for their catch, while retailers often charge consumers more than twice that.
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