A relatively low supply of lobsters and increased demand with the removal of international trade barriers are pointing to better prices, the executive director of the Maritime Fishermen’s Union told The Canadian Press.
Labour, insurance, equipment and fuel among rising costs for harvesters
Devin Stevens · The Canadian Press
· Posted: Apr 15, 2026 5:52 PM EDT | Last Updated: 5 hours ago
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Default Caption: Boats loaded with traps head from the harbour in West Dover, N.S., on Monday, Nov. 30, 2020. (Andrew Vaughan/The Canadian Press)
Lobster harvesters are hoping for higher prices this spring as their costs for fuel and other expenses skyrocket.
A relatively low supply of lobsters and increased demand with the removal of international trade barriers are pointing to better prices, Martin Mallet, executive director of the Maritime Fishermen’s Union, said in an interview Wednesday. However, harvesters are being challenged by rising expenses, including for labour, insurance, equipment and fuel.
Mallet, who is based in New Brunswick, said the cost of diesel was in the $1.40 to $1.45 per litre range this time last year but reached as high as $2.30 to $2.40 per litre in recent weeks as the Iran war sent prices soaring.
This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/canada/nova-scotia/lobster-harvesters-strong-prices-fuel-expenses-soar-9.7165198?cmp=rss
