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Record low prices keeping lobstermen at the dock

6:46 PM, Jul 10, 2012   |    comments
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PORT CLYDE, Maine (NEWS CENTER) -- More Maine lobstermen are tying up their boats because lobster prices are so low.

Those prices, they say, are the result of a glut of soft shell lobsters over the past month, at the same time Canadian fishermen were finishing a record season of their own. 

Members of the Port Clyde co-op did not pull traps Tuesday. The same was true in nearby Spruce Head, Owls Head and Tenant's Harbor.

Lobstermen Josh and Jed Miller haven't brought in a catch since Saturday. That means they has no money coming in, and he says it's a step they're willing to take.

"I been tied up three days I think I'm willing to be tied up the rest of the week," Josh Miller said. "It just sounds like there's too many lobsters right now and we're willing to do what we gotta do to get the supply chain straightened out."

Fishermen say they've been getting paid just $2.25 per pound for their lobster. THey blame the surprise glut of soft shell lobsters or shedders and the complex supply and demand connections between lobstermen, dealers and processors in Maine and Canada. The supply has been too big, so prices have dropped to near record lows.

Lobstermen have tried similar work slowdowns or strikes in the past, without much success. But those have often accused dealers or processors of taking the profits. This time is different -- fishermen say there are no bad guys. Just a bad market in a tough economy.