The Lobster Fishers of PEI Marketing Board says the price for the lobster is up compared to last year.
Board chair Charlie McGeoghegan says live lobster is selling for as much as 11 dollars and 50-cents a pound which is up from $6.50 and $7.50 last year.
He says the jump in prices is partly because catches are down for fishers in New England, Nova Scotia and New Brunswick.
McGeoghegan says demand is up, especially from Asian markets.
