01/05/2012 12:33 EST | Updated 03/06/2012 05:12 EST

Nova Scotia fishermen form new group in bid for better lobster pricing

BARRINGTON, N.S. - A group of fishermen in southwestern Nova Scotia has formed a new association in a bid to get better prices for lobster.

The group consisting of 150 fishermen met Wednesday in Barrington to chart a future path.

Retired fisherman James Mood says the main purpose is to get better pricing and have better representation when dealing with the Department of Fisheries and Oceans.

Mood says members of the new association have decided not to sell any lobsters for less than $5.50 a pound.

He says the new pricing will take effect by midnight next Tuesday, when fishermen will hold their catch until they get what they are demanding.

Mood says the unnamed association has to work through a regulatory process to be formally recognized by the federal department.