ANALYSIS: Live Lobster Trade Comes to a Halt Amid the COVID-19 Pandemic
As restrictive measures have been enacted to curb the spread of COVID-19, most notably the closure of dine-in restaurants, where a majority of high-priced seafood is consumed, the demand for live lobster has collapsed. Market sources report there are limited opportunities to move product, resulting in higher than expected inventories. With the downturn in demand and sales, market prices have fallen since mid-January...
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