The 2025 spring lobster fishery ended with total landings down 10–15% compared to last year.

Nova Scotia and Newfoundland experienced lower-than-expected catches, while Quebec emerged as a standout with stronger performance.

Despite these regional differences, the overall reduction in supply contributed to a notable price escalation. Dock prices rose 25–45% year-over-year, reflecting the supply shortfall and steady demand during May and June.

Shore prices in Nova Scotia and New Brunswick remained elevated through the end of the season, driven in part by warmer waters limiting daily catch rates.

As the summer slowdown sets in, landings have tapered off in most regions, leading to price instability.

Live lobster prices are fluctuating by up to $1.00/lb week-to-week, depending on size and harvest location.



Demand remains active, particularly for large lobsters (2+ lbs), keeping upward pressure on prices.

With major fisheries now closed, the market is increasingly reliant on previously held inventory—much of which is being depleted.

Earlier in the season, many processors and exporters built up live tank inventories to meet summer and early fall demand.

However, stock levels are now reported as moderate to low, especially for premium-size lobsters.

With strong demand from Europe and Asia, inventory is expected to tighten further through August.

Some suppliers are reserving premium product for Q4 re-exports, aligning with high-value holiday orders.

This strategy could create additional short-term constraints on availability, particularly for buyers looking to secure live or large-format lobster.

European markets continue to benefit from tariff-free access under CETA, keeping demand healthy for both live and processed lobster products.

However, several large Canadian packers are now prioritizing frozen tail and whole lobster production for Q4 export programs.

This focus on frozen inventory buildup may reduce the volume of live lobster available for export in the coming weeks—posing a potential challenge for EU buyers relying on steady summer shipments.

Our recommendation is that European buyers should secure Q3 supply now, particularly for large live lobster and premium tails.

Consider forward contracts for fall and holiday programs, and monitor upcoming harvest from Lobster Fishing Areas 33/34 off Nova Scotia for winter planning.

With tight supply and firm prices expected through August, early action is key to securing product and managing risk into Q4.



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