The price of lobster has stopped falling and is rising again. Canada's production has begun to decline.

First, Canada's two largest production areas (areas 33 and 34) ended their fishing season on May 31. Areas 33 and 34 account for a quarter of Canada's production and about 15% of the world's production. Since the fishing season started in April, the production of some other production areas in Canada has gradually slowed down. Industry insiders believe that Canada's production peak this year has passed, and the market will see upward changes in the next week or two. More than a month ago, many new production areas in Canada started fishing, and production increased significantly, causing the Nova Scotia and St. Lawrence Gulf dock prices to fall from a high of CAD 20.0/lb to CAD 8.0/lb. Stewart Lamont, general manager of Canadian exporter Tangier Lobster, told UCN that the Nova Scotia dock price this week was CAD 6.50/lb, and the price is expected to rise soon. Starting from this Friday, he will increase the price to customers by $0.25-0.50/lb. Lamont said: "The closure of the two ...