New England's live lobster prices set to fall to seasonal lows as new shell product hits the market
SEAFOODNEWS.COM by Michael Ramsingh - July 23, 2014
Live American lobster prices out of New England are poised to fall sharply this summer--albeit a bit little later this year compared to recent seasons--as new shell product out of Maine is hitting the market at a more historical pace.
Average wholesale prices for live, 1 ¼ quarter lobsters in New England are 60 percent higher this July compared to last year according to Urner Barry. The increase has been driven by a lack of soft, or “new shell” inventories this season compared to 2012 and 2013.
Colder than normal Maine waters have delayed the lobster molt and cut...
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