The North Atlantic lobster season kicked off in May, but there wasn't much activity to speak of at the start. A heavy ice pack and cold water have restricted fishing, slowing landings. “We have already seen a softening in pricing on North Atlantic tails but this is more a reflection of processors cleaning up inventory in anticipation of new-season landings,” said a top buyer for a major North American seafood company.

The record-low prices seen last year for North Atlantic lobster tails led…