Lobster prices in New England have spiked to their highest level in more than a decade

744886-LobsterPrices0916-1024x962Annie Tselikis, marketing director at Maine Coast Co. and executive director of the Maine Lobster Dealers’ Association, said demand for live and processed lobster has been strong all summer.“We have seen higher prices in the marketplace this summer … on par with the demand that we’re seeing,” she said. “It’s been crazy since the Fourth of July.” Tselikis said a big reason for the boost in demand for processed lobster is that distributors have stepped up their efforts to create new markets. Much of the recent growth in demand has come from Asian markets including China, South Korea, Hong Kong, Singapore and Vietnam, she said. “We’re seeing lobster in places where it didn’t exist before,” Tselikis said. Read the story here 07:04

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