ANALYSIS: Lobster Market Prices are Advancing Quick and Sharp
Whether we’re looking at live, tails, or meat, lobster market prices have moved quickly to the upside on the realization the supply picture would not be improving. Landings in both Canada and the U.S. have fallen below expectations, trade patterns have been altered significantly, and there’s little to no prospect of meaningful replacement for several more months.
The primary driving force in the live market has been the resurgence of Chinese buyers. Chinese demand, whether for the mid-autumn festival or Chinese New Year, has remained strong and...
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