Spike in Lobster Demand Pushes Live Lobster Prices to Highest August Pricing in Ten Years
SEAFOODNEWS.COM by John Sackton August 31, 2016
Live lobster prices have spiked again this past week, with Urner Barry reporting prices for hardshell 1 1/4 up 25 cents, and for new shell up 50 cents, as retailers stock up for labor day weekend.
With hardshell at $8.50 and new shell at $6.00, these are the highest August prices in ten years.
What is driving these prices is demand by lobster processors. Two things have changed in the market...
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