Ornate Rock Lobster Prices Rise Sharply as Supply Plummets
Ornate rock lobsters are retailing for VND2-2.8 million (US$76-106) per kilogram, up 20-35% from last year, as heavy rains and floods in Dak Lak Province hit supply from farms.
A seafood store in HCMC’s Binh Thanh Ward said it has hiked prices by 15% in just the last month as the lobsters become increasingly difficult to procure.
A store in Ben Nghe Ward said it has only managed to buy a few dozen kilograms this month, 30% less than in previous months. A store employee...
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