Whipped Cream Difficulties

Things I did not know until now:

• There is a lobster glut.
  

  Prices at the dock have fallen to as low as $1.25 a pound in some areas—roughly 70% below normal and a nearly 30-year-low for this time of year, according to fishermen, researchers and officials. The reason: an unseasonably warm winter created a supply glut throughout the Atlantic lobster fishery.

• The lobster glut is unlikely to create lower prices outside of the “lobster belt”:
  

  The Maine lobsters that currently are in season can’t be shipped long distances due to their soft shells, and retailers have other fixed costs that limit big price drops.

Darn it. I’m not planning a trip to New England anytime soon, so there goes my chance to make a dent in the glut…

(Hattip: The Price Hike.)

(Hattip 2: Penny Arcade.)

This entry was posted on Monday, July 16th, 2012 at 11:40 pm and is filed under Clippings, Food, Lobsters. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.