ANALYSIS: Live Lobster Market Follows Seasonal Pattern as Supply Builds While Demand Remains Muted
The Canadian Spring lobster season has opened earlier than usual across several LFAs, accelerating the seasonal increase in supply into a market already facing subdued demand. As is typical for this time of year, the influx of product has applied downward pressure on pricing, though the pace of the decline has been more pronounced given the lack of buying interest. Canadian shore prices have fallen sharply from approximately CAD 14.00 to CAD 9.00 in a short period, with expectations for further easing as additional areas come...
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