ANALYSIS: Lobster Demand Subdued Ahead of Dog Days of Summer
An unsettled tone has permeated the lobster complex. The current economic environment of rising food costs, fuel and interest rates is giving pause to many buyers. Overall live demand, whether domestic or for overseas markets, has been quiet apart from the seasonal demand reported in tourist towns.
Prior to the start of the Canadian spring season, market unease set in as consumers became weary of the historically high sustained price levels. Aware of the discouraging Canadian snow crab season, participants feared the same outcome for the lobster market...
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