Skip to comments.Low lobster demand puts fishermen in red (at 50% price of a halibut)
Posted on 01/03/2010 6:59:01 PM PST by TigerLikesRooster
Low lobster demand puts fishermen in red
By Bernard Simon in Toronto
Published: January 1 2010 21:02 | Last updated: January 1 2010 21:02
At a time when prices for commodities such as tea, cocoa and sugar are soaring to their highest levels in years, lobster, a delicacy associated with luxury living, is selling at bargain prices.
Prices have sunk so far over the past two years that some mass-market restaurant chains have added lobster to their menus. Tennessee-based Ruby Tuesday, with about 850 outlets in the US, offers lobster tails, as well as lobster carbonara and lobster macaroni and cheese.
Hannaford Supermarkets, a New England chain in the heart of the US lobster industry, has the crustacean on special this week at $4.99 a pound, half the price of halibut.
(Excerpt) Read more at ft.com ...
Guess I know what I’m making for dinner.......
That explains the $5/lb. drop from last year at this time.
East Coast Lobster has been on sale in the CA desert for $5/lb, for the last 3 weeks.
Last year it ran as low as $1/lb.
West Coast lobster is hard to find at reasonable taste or size.
Anybody know the actual mechanics of the market driving these low prices, or has Guido been busy in New Jersey providing more feed for East Coast Lobsters the last 6 months?
Looks like http://Lobster.com is doing well.
In Maine this summer, I got a dozen 1lb~1 1/4lb lobsters and 5 lbs of clams for $60
Dinner was Yummy!
They probably market to the French!
Looks like the bottom dropped out for the bottom-feeders. Congress, are you paying attention?
I was just about to PING you to this thread!
While the wholesale price may be declining, I don’t expect to see price reductions for Lobster on the menu at my favorite restaurants...
LOBSTER TAILS ARE NOT FROM LOBSTERS
.... they are a type of crayfish, marketed as “lobster tail” ... but definitely not a true lobster.
One thing I noticed at Hannafords was that catfish is expensive.
They give it away here.
Interesting. Halibut runs about $20.00 a pound in LA.
For some reason, catfish has ALWAYS been expensive up here.
Maybe it doesn’t sell as well..?
Holy Carp! Thats expensive!
Man, that was some feast, huh?
I was a busy gal that night!
That makes sense based on how they taste, which is quite unlike lobster IMO. It also explains this: Twice I've tried "lobster tail" as an add-on on a dinner (at different restaurants) and both times I got tiny, shrivelled and non-lobster tasting...stuff...that seemed much more like a deceased garden insect than any kind of tasty seafood.
I'm still talking about it aint I? ☺
So you are!
You'd see a few dozen people dancing on top of those folding tables, which couldn't handle the weight, and then one of the legs would cave in, and they'd all go sliding down into a pile of human and crawfish carcasses, laughing their arses off. It was something to behold. Oh the humanity.
Those Mississipians know how to party.
The bankers again. From Iceland to Canada banks loaned money to build processing plants. They couldn't service their loans and went bust. Only about 70% of the catch goes to the live trade so there is a lot of excess on the live market.
Some of these plants are (were) really high tech. Whole Foods was buying lobster which was pressure shucked..two dunks in tanks of water at almost 90,000 psi kills bacteria and makes the shell fall off..without hurting the meat.
I was going to place an order, but they don’t carry live lobster tales.
I was going to place an order, but they don’t carry live lobster tails.
I’d like to eat me some lobster for the halibut.
One reason is that Maine lobstermen are catching triple what they caught 20 years ago.
Very interesting! I’ll have to check at the grocery stores and the Super Walmart.
Really? I thought the libtards said fishing is unsustainable LoL
How about tales of live lobsters? I’ll sell you some. $10 a paragraph!
The Maine lobster population is OK, it’s the Maine coldwater shrimp that’s under stricter control. This year is a good shrimp season - 180 days. And those little sweet shrimp are in season now!
Boy they are good arent they?
“. but definitely not a true lobster”
Same with the Florida “lobster”. When I was a kid we’d camp on an island in the northern keys for a few days, spend all our money on beer and eat nothing but “lobsters” we caught.
Burned me out on them then and now.
Given the dollar/Euro rate that would make cents
But I can run by Race Street Fish and get live lobsters for a whole lot less than 27 bucks a throw. They fly them in from Maine and taste mighty good any time of year
“Those Mississipians know how to party.”
They learned how from the La. cajuns ;-)
I’ll give you that. No arguments. :)
Lobster is overrated. Give me a Dungeness crab any day of the week.
Confession - I have an inside track on that...I grew up there.
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