ANALYSIS: Weather, Trade Dynamics and Seasonal Demand Drive Firm Lobster Pricing
Over the past several weeks, escalating raw material costs have driven lobster market prices steadily higher, with select sizes now trading at 52-week highs. Severe winter weather across much of the US and Canada, among the harshest in recent years, has only intensified supply challenges. While fishermen are no strangers to rough seas, the added impact of extreme cold has led to iced-over ports and dangerous conditions at sea. As a result, harvest activity has been sharply reduced, with most vessels managing just one...
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