The Winding Glass: Lobster Prices are Exploding...Is that a Signal or Noise for the Crab Market?
[The Winding Glass is the Opinion and Commentary column by John Sackton, Founder of SeafoodNews]
Lobster prices have shot up, catching almost everyone off guard. Live lobster is not the issue. Live prices have jumped 33% since the Southwest Nova Scotia season opened on December 2. This is a normal winter pattern. For the past three years, wholesale live prices have generally risen 30% to 40% between December and February.
Canadian Lobster landings in Southwest Nova Scotia have been steadily declining...
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