Value of Maine lobster exports to China on pace to triple for 2016

Live lobster exports to China are on pace to triple in value in 2016, despite the incursion of some new lobster suppliers to the growing Asian market. Final figures for 2016 won’t be known until February, but through November, the value of live lobster shipments from Maine to China climbed to $27.5 million, nearly tripling from the $10.2 million reported in November 2015. That’s roughly half the total export of live lobsters from Maine to date, excluding Canada, where many Maine lobsters are processed and then imported back into Maine for distribution. And those figures don’t include the traditional year-end surge leading up the Chinese New Year on Jan. 28, when Chinese celebrants have been serving up lobster from Maine, Massachusetts and Canada in ever-increasing numbers. Read the story here 08:17