CHARLOTTETOWN -- The president of the Prince Edward Island Fisherman's Association says he'll meet with the province's premier today in Charlottetown over the price of lobster.

Michael McGeoghegan says he's hoping Premier Robert Ghiz will offer solutions to the ongoing dispute.

About 1,000 Island fishermen have had their boats tied up since last week, saying they will not fish until they are paid about $5 per pound for market-sized lobster.

Prices are currently about $3.25 per pound.

Fishermen, the P.E.I. Seafood Processors Association and government officials met Sunday but couldn't reach an agreement.

Seafood processors say they can't afford to pay the prices sought by the fishermen.