Strong demand, weak catch: Lobster prices reach historic highs in Nova Scotia

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Open this photo in gallery: Stewart Lamont, Managing Director at Tangier Lobster Company Ltd., at the company's facility in Tangier, N.S., on April 4.Darren Calabrese/The Globe and Mail Stewart Lamont has worked in the lobster export business for more than four decades. He has never seen prices like this. The shore price of live lobster – or what fishermen charge wholesalers and exporters – recently hit $20 a pound, Mr. Lamont said. Prices have almost doubled since December. At those rates, Mr. Lamont, the managing director of Tangier Lobster Co. Ltd. in Nova Scotia, has to charge his foreign clients...