ANALYSIS: Lobster Prices Firm as Industry Faces Supply Shortage
The live lobster market is entering a seasonally quiet period following Valentine’s day and the end of Chinese New Year celebrations. Since the beginning of February, there was a frenzy to satisfy the demand for these two events taking place simultaneously.
Alongside Valentine’s Day and Chinese New Year, declining COVID-19 cases and restrictions easing across the U.S. and overseas, market participants reported an uptick in demand from the foodservice sector.
Competition for product from shippers, and the live market has...
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ANALYSIS: Lobster Prices Firm as Industry Faces Supply Shortage
The live lobster market is entering a seasonally quiet period following Valentine’s day and the end of Chinese New Year celebrations. Since the beginning of February, there was a frenzy to satisfy the demand for these two events taking place simultaneously.
Alongside Valentine’s Day and Chinese New Year, declining COVID-19 cases and restrictions easing across the U.S. and overseas, market participants reported an uptick in demand from the foodservice sector.
Competition for product from shippers, and the live market has...
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