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Author: LobsterCoast
How is the Lobster Market Price Determined?
We have all seen the restaurant menu where it lists the fresh lobster entree’s at “Market Rate.” Most consumers have never felt so un-empowered. How on earth can any one know what the lobster market price should be? We know lobster prices can fluctuate based on supply and demand. Lobster prices tend to go down…
Maine Lobster Dealers Rely on Lobster Fishermen Partnership
The Gulf of Maine is the lobster frontier with almost all lobster fishermen relying exclusively on the lobster harvest to earn their living. Most other species of fish in the gulf have been depleted, including the natural enemies of the lobster. For example, great schools of Cod use to feed voraciously on baby lobsters floating…
The Maine Lobster Supply Chain Moves Fast
There are more than 9,000 licensed lobster fishermen, according to the Department of Maine Resources, and the lobster harvest in 2010 broke records. Typically the lobster fishermen sell to the 3,500 dealers in the state, who then turn around sell to wholesalers or processors. Live and processed lobsters are then sold to restaurants, retailers and the…
Lobster Coast Provides Economic Activity to Region
HALLOWELL, Maine — (AP) Maine’s new top fisheries official is vowing to grow the economic value of the state’s oldest industry, commercial fishing, and the coastal communities that rely on the ocean. The value of the state’s seafood harvest ranges from $350 million to $450 million each year and contributes three or four times that…
The Lobster Coast from Canada to Massachusetts
The American lobster, or Maine Lobster, did not become a popular food until the year 1850, when people from the big cities like Boston and New York began spending their summers in Maine. Gradually these visitors developed a taste for lobster. Prior to that, eating lobster was a mark of poverty or was used as…