ANALYSIS: Slow Start to Maine Lobster Season Impacts New Shell Prices
The Maine lobster season is off to a slow start, delayed about three weeks due to the cold, wet spring experienced in New England. New shell catches in New England are reported to be well below the prior season’s haul at this time. The limited availability of product has impacted pricing. New shell quarters are presently trading at an average price of $6.25; a 15% increase over the 2018 price of $5.43. Typically, most new shell product makes its way into the processing sector...
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