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Low lobster demand puts fishermen in red (at 50% price of a halibut)
FT ^ | 01/01/01 | Bernard Simon

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 ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: economy; lobster; sale
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To: BunnySlippers

Holy Carp! Thats expensive!


21 posted on 01/03/2010 7:17:52 PM PST by mylife (Obama is a fine orator, and Janet Napalitano is cunning linguist)
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To: mylife

Man, that was some feast, huh?
I was a busy gal that night!
LOL


22 posted on 01/03/2010 7:18:50 PM PST by MS.BEHAVIN (Women who behave rarely make history)
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To: canuck_conservative
.... they are a type of crayfish, marketed as “lobster tail” ... but definitely not a true lobster.

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.

23 posted on 01/03/2010 7:18:53 PM PST by paulycy (AMERICA: Less safe. Less free. More broke.)
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To: MS.BEHAVIN
Man, that was some feast, huh?

I'm still talking about it aint I? ☺

24 posted on 01/03/2010 7:21:46 PM PST by mylife (Obama is a fine orator, and Janet Napalitano is cunning linguist)
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To: mylife

LOL
So you are!
Carry on!


25 posted on 01/03/2010 7:24:37 PM PST by MS.BEHAVIN (Women who behave rarely make history)
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To: canuck_conservative
Well...I attended the Crawfish Festival in Biloxi years ago, and damn that was some good eatin', although you had to eat a mountain of them little things...boiled in cajun spice. Nothing better, and such a friendly and crazy crowd.

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.

26 posted on 01/03/2010 7:25:21 PM PST by FlyVet
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To: MS.BEHAVIN

27 posted on 01/03/2010 7:25:44 PM PST by mylife (Obama is a fine orator, and Janet Napalitano is cunning linguist)
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To: Cvengr
Anybody know the actual mechanics of the market driving these low prices . . .

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.

28 posted on 01/03/2010 7:26:30 PM PST by Brugmansian
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To: bvw

I was going to place an order, but they don’t carry live lobster tales.


29 posted on 01/03/2010 7:28:41 PM PST by Notwithstanding (Wer glaubt ist nie allein. Who believes is never alone.)
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To: bvw

I was going to place an order, but they don’t carry live lobster tails.


30 posted on 01/03/2010 7:29:05 PM PST by Notwithstanding (Wer glaubt ist nie allein. Who believes is never alone.)
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To: TigerLikesRooster

I’d like to eat me some lobster for the halibut.


31 posted on 01/03/2010 7:37:37 PM PST by boocoowell (Nuclear power now!)
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To: TigerLikesRooster

One reason is that Maine lobstermen are catching triple what they caught 20 years ago.

http://money.cnn.com/2009/07/17/news/economy/cheap_lobster_bargain.fortune/index.htm


32 posted on 01/03/2010 7:38:39 PM PST by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: TigerLikesRooster

Very interesting! I’ll have to check at the grocery stores and the Super Walmart.


33 posted on 01/03/2010 7:42:28 PM PST by Tax-chick (Yo quiero a bailar en Mexico.)
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To: LibFreeOrDie

Really? I thought the libtards said fishing is unsustainable LoL


34 posted on 01/03/2010 7:42:32 PM PST by mylife (Obama is a fine orator, and Janet Napalitano is cunning linguist)
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To: Notwithstanding

How about tales of live lobsters? I’ll sell you some. $10 a paragraph!


35 posted on 01/03/2010 7:46:29 PM PST by bvw
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To: mylife

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!


36 posted on 01/03/2010 7:53:46 PM PST by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: LibFreeOrDie

Boy they are good arent they?


37 posted on 01/03/2010 8:02:32 PM PST by mylife (Obama is a fine orator, and Janet Napalitano is cunning linguist)
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To: canuck_conservative

“. 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.


38 posted on 01/03/2010 8:10:59 PM PST by Rebelbase
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To: LibFreeOrDie
We don't need East Coast shrimp out here in the desert. We grow our own:


Desert Sweet Shrimp

39 posted on 01/03/2010 8:23:22 PM PST by Jeff Chandler (:: The government will do for health care what it did for real estate. ::)
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To: J Edgar

Given the dollar/Euro rate that would make cents


40 posted on 01/03/2010 8:27:31 PM PST by bvw
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