Low lobster demand puts fishermen in red (at 50% price of a halibut)

FT ^ | 01/01/01 | Bernard Simon

[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.

[the long march]

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

[Magic Fingers]

“Those Mississipians know how to party.”

They learned how from the La. cajuns ;-)

[FlyVet]

I’ll give you that. No arguments. :)

[GATOR NAVY]

Lobster is overrated. Give me a Dungeness crab any day of the week.

[Magic Fingers]

Confession - I have an inside track on that...I grew up there.