Massive Canadian Buying of Lobster Keeping Prices Steady in Maine, Despite Loss of China Market
SEAFOODNEWS.COM [SeafoodNews] by John Sackton – September 13, 2018
When the China lobster tariffs of 25% went into effect on July 6th, many feared an immediate reaction in Maine leading to lower prices. That has not happened.
During the January to July period, Maine shipped 3 million lbs of live lobster to China in 2016, 5.6 million in 2017, and nearly 12 million in 2018. To have such growth suddenly halt is like an airplane aborting a take off ...
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