Lobster is a summer staple in New England, but a recent rise in prices may give even the most devoted lobster lovers pause.
As the country reopens post-pandemic, increased demand for lobster and a squeezed supply caused by a state ban on lobstering to protect right whales has resulted in a price spike of about 60% per live lobster.
“If there’s no lobsters coming in, then the demand isn’t being met. Those are the cards,” said South Shore Lobsterman Association President John Haverland.
According to business publisher Urner Barry, the retail price of a live, one-and-a-half-pound lobster increased from $5.47 a year ago to $9.05 on June 7 this year. The prices have reached nowhere near this year’s since at least 2018.