ANALYSIS: Live Lobster Prices Slide as Supply from Canadian Spring Season Enters Market
The shore price in Canada started the year at CA$8.00 and quickly escalated to CA$13.00. Limited fishing and light landings this fall and winter, combined with the short-lived demand for Chinese New Year, resulted in market prices firming in January, eventually peaking in March. Meanwhile, the Maine boat price held steady at $10.00 on limited catches. Supply constraints and sustained acquisition pricing remained in place as the spring season unfolded.
However, given the rapid increase in replacement costs, and the...
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