As the fall lobster season starts to wind down on Prince Edward Island, the issues and problems faced by harvesters north and south of the border are evident. Increasing catches and low prices are commonplace. The exchange rate on our currencies has been very similar over the past few years so all fishers can relate to how far lobster at $2.50 per pound goes in meeting operating expenses. There have been stronger prices in some markets, but the reality is current prices are not keeping up with increased costs in fuel and bait, to name a few key line items.
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