P.E.I. fall lobster season sees increase in demand, price
P.E.I. lobster fishermen taking part in the fall lobster season are seeing a strong demand and good prices for their catches.
P.E.I. Fishermen's Association president Craig Avery says it is welcome news.
"Well there is a heavy demand for lobster this fall," said Avery. "Most of the inventory from what our knowledge is, is that most of the inventory from the spring season has been already moved and sold so there is a good demand."
"The American dollar is in our favour, lower oil prices are definitely helping with processing and shipping and you know it has resulted in a fair price."
Avery said most buyers are paying $5 a pound for canners and $5.50 for market size lobster.
That is up by about $1 from last year.
In addition to the increased price, Avery says so far fishermen are happy with their catches.
The fall lobster season began earlier this month and ends in October.