The president of the P.E.I. Fishermen's Association says lobster catches continue to be down dramatically this spring compared to last year. 

Mike McGeoghegan blames poor weather and cold water temperatures.

"I'd say the catches are down by about 40 per cent just because of the temperature," said McGeoghegan.

Mike McGeoghegan

Mike McGeoghegan, president of the P.E.I. Fishermen's Association says given low lobster catches this spring, prices should be much higher. (CBC)

"This cold water is really keeping the fish from trapping the way they should. And you know because of that the fishermen think the price should be going up and I agree with them." 

McGeoghegan said P.E.I. lobster fishermen are currently getting $3.75 per pound for canner-sized lobster and $4.50 per pound for market-sized. That's about a dollar more than last year. But he notes increases in the cost of bait and fuel have eroded much of the benefit of that price and the lower catches are further reducing fishermen's income. 

"Last year you know there was a fair amount of fish come in at the beginning of the season and we're not getting that this year. So there should be something else going on in the market and we don't see that," said McGeoghegan.  

He believes that with a low inventory, prices should be higher.