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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: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2
posted on
01/03/2010 6:59:55 PM PST
by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: TigerLikesRooster
Guess I know what I’m making for dinner.......
3
posted on
01/03/2010 7:01:38 PM PST
by
phoenix07
To: TigerLikesRooster
That explains the $5/lb. drop from last year at this time.
4
posted on
01/03/2010 7:03:01 PM PST
by
Born Conservative
("I'm a fan of disruptors" - Nancy Pelosi)
To: TigerLikesRooster
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?
5
posted on
01/03/2010 7:03:05 PM PST
by
Cvengr
(Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
To: TigerLikesRooster
6
posted on
01/03/2010 7:03:37 PM PST
by
bvw
To: TigerLikesRooster
WOW - I'm going to stock up now by mail order, and keep in the freezer - I love to make Fajitas with Lobster, beef and chicken.
7
posted on
01/03/2010 7:03:52 PM PST
by
J Edgar
To: TigerLikesRooster
In Maine this summer, I got a dozen 1lb~1 1/4lb lobsters and 5 lbs of clams for $60
Dinner was Yummy!
8
posted on
01/03/2010 7:06:19 PM PST
by
mylife
(Obama is a fine orator, and Janet Napalitano is cunning linguist)
To: bvw
They probably market to the French!
9
posted on
01/03/2010 7:06:47 PM PST
by
J Edgar
To: TigerLikesRooster
I love shrimp and crave prawns, lobster though... I could do without.
To: TigerLikesRooster
Looks like the bottom dropped out for the bottom-feeders. Congress, are you paying attention?
11
posted on
01/03/2010 7:07:37 PM PST
by
Ezekiel
(The Obama-nation began with the Inauguration of Desolation.)
To: TigerLikesRooster
In rural Mina, Nevada...
12
posted on
01/03/2010 7:10:16 PM PST
by
Inyo-Mono
(Had God not driven man from the Garden of Eden the Sierra Club surely would have.)
To: mylife
LOL
I was just about to PING you to this thread!
13
posted on
01/03/2010 7:10:58 PM PST
by
MS.BEHAVIN
(Women who behave rarely make history)
To: TigerLikesRooster
While the wholesale price may be declining, I don’t expect to see price reductions for Lobster on the menu at my favorite restaurants...
14
posted on
01/03/2010 7:11:43 PM PST
by
KoRn
(Department of Homeland Security, Certified - "Right Wing Extremist")
To: TigerLikesRooster
LOBSTER TAILS ARE NOT FROM LOBSTERS
.... they are a type of crayfish, marketed as “lobster tail” ... but definitely not a true lobster.
To: MS.BEHAVIN
16
posted on
01/03/2010 7:12:35 PM PST
by
mylife
(Obama is a fine orator, and Janet Napalitano is cunning linguist)
To: MS.BEHAVIN
One thing I noticed at Hannafords was that catfish is expensive.
They give it away here.
17
posted on
01/03/2010 7:13:58 PM PST
by
mylife
(Obama is a fine orator, and Janet Napalitano is cunning linguist)
To: TigerLikesRooster
Interesting. Halibut runs about $20.00 a pound in LA.
18
posted on
01/03/2010 7:14:34 PM PST
by
BunnySlippers
(I LOVE BULL MARKETS . . .)
To: mylife
For some reason, catfish has ALWAYS been expensive up here.
Maybe it doesn’t sell as well..?
19
posted on
01/03/2010 7:17:24 PM PST
by
MS.BEHAVIN
(Women who behave rarely make history)
To: TigerLikesRooster
I was down in Grenada and a guy went diving and brought back 22 lobsters for 10.00 and a cook to cook them for me. I loved that place. Muuuummmmmmmm fresh banana daiquiri's !!!
20
posted on
01/03/2010 7:17:29 PM PST
by
therut
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