Lobster Only Major Seafood To Lose Value Over 10-Year Period, Report Says

Of 10 key species studied by NOAA, only American lobster dropped in price from 2003 through 2012.

It’s a tale well known in Maine: Lobster prices have tanked over the past decade as the harvest has surged.

Among 10 key species that the National Oceanic and Atmospheric Administration examined, only American lobster dropped in price from 2003 through 2012, according to a report released Tuesday.

Commercial fishermen in the United States harvested 9.6 billion pounds of fish and shellfish in 2012, earning $5.1 billion. Sea scallops, shrimp, Pacific salmon and American lobster contributed the most to total revenue.

To read the rest of the story, please go to: Portland Press Herald