ANALYSIS: Frozen Lobster Products Ascend into Record-High Territory
The market for frozen lobster products has been thrusted into record-high territory given a somewhat unexpected level of demand and a short supply situation that has developed without the benefit of meaningful replacement.
In 2020, in-and-around the height of the pandemic and coinciding with new season production, frozen lobster tail values fell roughly 25 percent. The levels were now attractive to retailers who gravitated to products that replicated the restaurant experience. This buying resulted in a warm water...
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