Weak Economy... Deflation...So, Lobster For Dinner?
Posted: 2008-11-11 12:13
http://www.ft.com/cms/s/0/65acbe18-af56 ... 07658.html
Maine lobstermen suffer as prices fall
Seafood shops along Portland Harbor are selling lobsters for as little as $3.89 per pound, which is about what you pay for a pound of cold cuts at the supermarket. The low prices are due mainly to an imbalance in lobster supply and demand. Consumers are dining out less at a time when the lobster catch in Maine and Canada has increased by between 10 and 20 per cent from last year.
Maine lobstermen suffer as prices fall
Seafood shops along Portland Harbor are selling lobsters for as little as $3.89 per pound, which is about what you pay for a pound of cold cuts at the supermarket. The low prices are due mainly to an imbalance in lobster supply and demand. Consumers are dining out less at a time when the lobster catch in Maine and Canada has increased by between 10 and 20 per cent from last year.