The price of lobster on the Island has dropped by about two dollars a pound compared to when the season began. Charlie McGeoghegan, chair of the Lobster Marketing Board of P.E.I., said the price went as high as $8.50 a pound for canners and $9.00 for markets. "We were glad to see that first week, the price where it was. A forklift operator on the wharf at North Lake, P.E.I., prepares to lift crates of fresh live lobster onto a refrigerated truck. If the price goes down, other buyers match that price," he said.

Source: CBC News May 21, 2021 18:00 UTC