High Prices for Lobster Ripple Through Singapore Distribution Chain
SEAFOODNEWS.COM [Singapore Straits Times] By Kenneth Goh April 27, 2015
Prices of the crustacean are up because of a shortage of supply and increased demand from China
Bad news for lobster fans: The price of the crustacean has increased by up to 40 per cent, thanks to tightening supplies.
Industry watchers say bad weather conditions in Boston - where many American lobsters are from - and increased demand from affluent diners in China have driven the prices up.
The result is that dishes incorporating lobster meat have become more expensive. The effect is particularly felt on the everpopular item: the lobster roll.
Of the eight restaurants which offer lobster rolls that SundayLife! spoke to, three have upped their prices. This week, lobstercentric restaurant Pince & Pints in Duxton Road increased the price of its lobster rolls, each comprising 150g of lobster meat, from $48 to $58.
Seafood restaurant The Naked Finn in Gillman Barracks raised prices of its lobster rolls...
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