HERE IS ONE TODAY FROM CT
Lobster Prices Up Amid Short Supply
Some Crustaceans Sell For $20 Per Pound
GROTON, Conn. -- Lobster lovers craving the crustacean may find themselves in a pinch this year.
Restaurateur Paul Formica has seen the ebb and flow of lobster prices before.
"My two-pounders are at $20 a pound -- $18.99 a pound," he said. "I don't want to sell them for that."
Channel 3 Eyewitness News reporter Kevin Hogan reported the European market bought up much of the supply during Easter and the lobster stock supply is not very large this season.
"A lot of that has to do with the fact that the (one-)pounders, the guys who hold all the lobsters over the winter, this year, they didn't hold back that many. So, there's less in the pounds (and) the new caught production isn't catching up, and consequently, we have a shortage," Formica said.
As soon as the coastal waters start to warm, industry experts said, we might see lobsters start to scatter and head for local pots -- and the prices could fall.
"If we have a nice, warm weekend, that could change overnight," Formica said.