ANALYSIS: Live Lobster Market Uneasy as Inflation Looms
Just before the start of the Canadian spring lobster fishing season is when the net supply of lobster is most constrained. And that is no different in 2022.
Winter storms and windy weather often kept boats docked in Q1. Supply constraints and record acquisition pricing lead to market prices climbing into record high territory. The average market price for NE hard shell selects in Q1 2022 was $16.15, 41.5% higher than its 5-year Q1 average of $11.67...
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