ANALYSIS: Record Lobster Tail Prices Doing Little to Deter Demand
Looking at Urner Barry's Lobster Tail price data, there are some things that stand out. For American and warm water (Brazil and Caribbean) tails, all sizes are trading at 52-week or all-time highs.
The price of American tails, 4-oz have moved up nearly 30 percent since 2009, while 6-oz Brazilian and Caribbean have moved 38 and 36 percent, respectively. This is an average of 34.2 percent for the three categories in the last 10 years.
The first thing driving this is supply...
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