Lobster prices hold steady as demand wavers in US, rises in China

lobsterDM0811_468x521Despite the annual post-Labor Day slowdown in US demand for lobster, high prices, initially caused by a shortage of product after a harsh winter, are unlikely to start dropping anytime soon, bolstered by the growing Chinese demand. According to Peter McAleney of New Meadows Lobster in Portland, Maine, lobster prices are about 50 cents higher than they were this time last year. Neil Zarella of the Boston Lobster Company said that soft-shell lobsters are selling from $4.75 to $5.75 per pound. Read the rest here 12:52

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