Lobster Analysis: Too Little product = High Prices
Heading into September, the availability of hard-shell lobster in the market is extremely limited. The shortage in product is reflected in the high market prices we are currently seeing. Hard-shell New England lobster Halves are trading 12.4% higher than its ten-year average.
In addition, the Maine lobster fishing season continues to struggle with landings. The reported catch is well below last season’s haul. As a result of the uneven supply, prices for new-shell New England halves are trading 8.5% higher than its ten – year average...
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