ANALYSIS: Oyster Prices At 52-Week High
Current market prices for Select Oysters, FOB Mid-Atlantic is averaging $98.00 per gallon compared to $87.5 per gallon this time last September; up 12%. In addition, prices are trending 9.5% higher than their five-year average and are presently sitting at their 52- week high.
According to market participants, supply has been limited along the eastern shoreline, causing upward pressure on market prices, while demand has been consistent. Heavy rainfall last year resulted in an influx of fresh water into the Chesapeake Bay, disrupting the saline balance, and in turn...
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