Canadian lobster prices rose

Published 2024년 11월 20일

Tridge summary

In 2023, Canada's lobster production was significantly contributed by Regions 33 and 34, with 22% of the total production. However, the market experienced price fluctuations due to various factors. The price per pound fell in northern Nova Scotia and Prince Edward Island due to increased production and low demand, reaching a low of C$6.50 per pound. Conversely, prices in Maine increased due to low supply, reaching $7.30 per pound. Canadian wholesale quotations for 1.25-pound lobsters shipped to Shanghai in week 47 saw a slight decrease of about 2% from the previous month.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, Regions 33 and 34 in Canada contributed 22% of the country's total lobster production, with figures of 7,135 tonnes and 14,270 tonnes, respectively. The price of lobster in northern Nova Scotia and Prince Edward Island peaked at C$20.00 per pound in March, but fell to C$6.50 per pound due to increased production and weak demand. Prices later rose in Maine due to low supply. By November, the price at the Stonington docks was $7.30 per pound, while the average wholesale price for 1.25-pound hard-shell lobsters on the U.S. ...

Source: Fishretail