Also a number of the Canadian processing centers which handle a bulk of the lobster processing shut down in 2008/9 as a result of the Iceland currency crises. When I was up in Portland, ME summer of 2009 I could buy Lobster for $3 to $4/lbs
Originally Posted by
VA1379
In the DC metro area, I saw a few weeks ago that the Wegmans Fairfax location (off Monument Drive) was selling lobsters for $9.99/lb. I thought that was a good price.
The supply glut in lobsters was due to increased harvests and a weak economy (following the 2008 financial crisis). Although the lobster catch is still pretty big, the economy is stronger now, along with demand for lobster.