What Happens with China Likely to Determine Prices on Lobsters this Spring
Lobster prices are now the lowest they have been at this time in three years. Yet the lull after valentines day and Chinese New Year is typically a time of very low volume on live lobster, and often very high prices.
But this year, 1 ¼ lb hardshell are being quoted wholesale by Urner Barry at $9.50, well below the $10.88 and $12.88 quoted in 2017 and 2018. The fact is these spring prices have no relationship to summer lobster prices, as there have been years with record high spring prices followed by well below average summer prices.
The big question mark hanging over the spring season is what market conditions are in the US and in China...
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