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U.S. Lobster Industry Faces Catch Crisis Amid Soaring Prices

3/2/2025

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Summary

Story summary

The U.S. lobster industry, especially in Maine, is grappling with a dramatic catch decline, plummeting to 39 million kilograms in 2024—the lowest in 15 years. While fierce storms and rising ocean temperatures pose serious threats, the industry still thrives economically, raking in over $528 million as demand and prices for lobsters soar.

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Story summary

The U.S. lobster industry, especially in Maine, is grappling with a dramatic catch decline, plummeting to 39 million kilograms in 2024—the lowest in 15 years. While fierce storms and rising ocean temperatures pose serious threats, the industry still thrives economically, raking in over $528 million as demand and prices for lobsters soar.