Aquatic/Fishing Industry Snapshot

Lobster

• Lobster prices have declined since winter, peaking at $10/lb in December. Catch has reportedly been good for most lobstermen.  

Scallops

• For the 2024-25 fishing year NOAA will allow 20 open days at sea, 4 fewer than last year, but will also allow 12,000 more lbs to be caught in “closed” areas, essentially making up for the reduction in days at sea. Projected total catch is 2.6MM lbs more than last year.

• Pricing is projected to average $13-13.50 across all sizes.  

Groundfish

• As with scallops, there has been a general downward trend in wholesale prices. The groundfish catch has been stable. Quota measures from NOAA have decreased catch limits in a few sectors while others remain flat year over year.