ANALYSIS: Record Wide Spreads Hit Lobster Tail Market
Supply concerns began to emerge in the market for American lobster products after a disappointing fall 2022 effort. Each season, 2022, and both in 2023 had supply gaps in landings where supply was less than expected. Prices have now been on the rise for 14-straight months, rapidly accelerating in the first two months of 2024. Sellers are allocating product for the most part in fear of not being able to meet needs through the spring (the next opportunity for meaningful replacement). Sellers hold remaining inventories with...
To Read Full Story Login Below.