Falling wholesale prices put squeeze on Maine lobstermen

PORTLAND PRESS HERALD • July 13, 2022

Maine lobstermen have a lot to deal with these days, from high fuel prices to looming new regulations to protect whales that will impact where and how they can set their traps. Nick Pellechia, a 25-year-old lobsterman from South Portland, is even more worried about the newest challenge: wholesale lobster prices that have plummeted to about half what they were last year. The price drop has prompted some lobstermen to curtail how often they haul their traps.