Lobster Oversupply Hurts Maine Fishermen

(9/1/2013) Similar to many other examples (e.g., Taiwanese eggplant farmer's dilemma), the demand of food cannot easily to counter oversupply or undersupply. The plentiful lobster in the US northeast coast leaves not much profit for the lobster fishermen in Maine. Right now, "lobster off the boat is selling for as low as $2.20 a pound." Short shelf life and expensive logistics cost to ship lobster cannot do much to ship lobsters in Maine to other markets. (My Taiwanese friends will be very envy of me living here though I don't eat lobster much at all.)

(10/20/2013) More 21 century lobster war updates between Canada and Maine lobstermen. The price of Lobster is as low as $1.20 per pound now, but do you, as a consumer, see the price drop in the supermarket? Probably not for those far away from New England. . No wonder the fishermen were wondering "If the consumer wasn’t paying the big dollars, I’d say: it’s O.K., it’s fair. One billion dollars changes hands in the Atlantic Canada lobster fishery and somebody’s getting the money."