Financial Times FT.com

Maine lobstermen suffer as prices fall

By Rebecca Knight

Published: November 10 2008 18:49 | Last updated: November 10 2008 18:49

Gerry Cushman, who runs a lobster boat out of Port Clyde in Maine, usually works overtime in November hauling traps so that he can salt away money for the long, cold months ahead.

But his prospects of building a winter nest egg this year are bleak. An unusually large lobster harvest, coupled with a weak US economy, has pushed lobster prices to their lowest point in more than two decades.

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