Aquatic/Fishing Industry Snapshot

Lobster

• The catch is down year-to-date in Maine, July saw almost no shedders and a slow roll into August. Last week it picked up a bit after the slow September and they are hoping for a solid fall. Boat prices dropped by $1.00 to $6.00 per pound last week after being up at $7.00 per pound earlier this summer. Very few people are having a strong catch, but with the high price most are cash flowing for now. 

Scallops

• The scallop industry has seen a positive turnaround since last year. Their catch has been strong, particularly in some formerly closed fishing areas that have recently been opened. Pricing has also been extremely favorable, averaging over $18 across all sizes.

Groundfish

• Pricing and catch has been stable over the prior year. Quota measures from NOAA have decreased catch limits in a few sectors while others remain flat year over year. Haddock, in particular, had the catch quota reduced.