Slowing Chinese lobster demand, anticipated early season likely mean more conservative pricing

Lobster prices have fallen significantly after anticipation of continued strong growth in Chinese demand failed to come to fruition, with some industry executives expecting more conservative pricing for next season. In September last year, strong Chinese demand was keeping lobster prices high despite the usual post-Labor Day slowdown in the US, with softshell lobster selling for between $4.75 to $5.75 a pound. Some sources predicted that high prices could remain the norm for the foreseeable future. “Last year prices surged, but we had a long cold winter, supply was short, demand from China drove prices up pretty [high],” said Neil Zarella of Boston Lobster Company. Read the article here 15:39

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