ANALYSIS: Live Lobster Supply Shortages Fueling Record Price Levels
Historically speaking, it is not uncommon for market prices to surge in Q1 due to pronounced net supply and inventory shortages. However, many market insiders suggest that the current market dynamics in play are unprecedented. Both the live and processed markets are grappling with scarce raw materials, rapidly diminishing inventory, notably heightened replacement costs, and firm market prices. The New England hard shell complex is currently trading at record levels. In fact, hard shell halves are trading 46.63% higher than their 5-year average and 5.63% higher than...
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