Lobster Industry Enjoying the Mania in Maine

Warming ocean waters lead lobsters to molt early and come in far earlier than expected, but last winter's cold temps may have helped

Maine's lobster industry is enjoying what some are calling a return to normal.

Back in 2012, warming ocean waters lead lobsters to molt early and come in far earlier than expected, leading to a glut in the market and rock bottom prices.

This year's cold winter may have helped hit the re-set button. Lobsters molted in the summer, so when the soft shells came in, tourists were here to eat them.

According to Vincent Clough at Bayley's Lobster Pound in Scarborough, Maine, "The people are here, vacationers are here, the live market is able to absorb the product and processors are ready to take the product."

Some lobstermen say the overall catch is down this season but boat prices are up, about a dollar more than they were at this time last year. Retail prices for lobster are also up slightly over last year. 

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