ANALYSIS: Live Lobster Prices Under Pressure as Demand Recedes
Historically speaking, live lobster prices tend to trend lower during the fall as we move past the robust summer and Chinese Fall Festival demand. Live supply from Maine landings, in addition to the catch from the new fall Canadian fishing zones weigh on the market as we enter the seasonally quiet period. Adding to this pool of supply was a sizeable amount of high-priced tubbed product stored in Canada that was destined for China. Shippers, looking to fulfill demand for the Chinese Mid-autumn Festival in early September...
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