Booming Demand for Lobster Means Record Catches and High Prices
SEAFOODNEWS.COM [CNBC] By Jodi Gralnick - July 20, 2017
The lobster business is booming in Maine.
Lobstermen are hauling in record catches, while prices are near all-time highs. That's because the industry is also seeing record demand.
U.S. lobstermen have seen their yearly haul quintuple over the last 30 years. They brought in 131 million pounds of the crustacean in 2016, more than 80 percent of that was caught in Maine.
"Compared to 20 years ago, I'm getting twice as much," said Jack Thomas, who has been lobstering for almost 50 years. He works traps off the coast of Freeport, Maine. "Last year, the last couple of years have been record years for me..."
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