American exporters offer lower-priced, higher-quality hard-shell lobsters compared to Canadian exporters. The wholesale price of Canadian hard-shell lobsters was around $9.95 to $10.25 per pound, while U.S. hard-shell lobsters were selling for $7.50 to $7.75 per pound, with prices peaking in late winter and early spring, dropping in May, and rising again in late July. Canadian and U.S. lobster exports have been on the decline, with Canadian exports down 8.4 percent in 2023 compared to 2022, and U.S. exports down 11.4 percent in 2022, and a further 4 percent decline in 2023.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
American exporters offer live lobsters at prices significantly lower than Canadian prices. Hard shell lobsters are also considered to be of higher quality than hard shell lobsters. The lowest grade is soft-shell lobster, which is used primarily for processing. The price difference at the wholesale level was quite noticeable last fall, with Canadian hard-shell lobsters selling for between $9.95 and $10.25 per pound, and U.S. hard-shell lobsters selling for between $7.50 and $7.50 per pound. $.75/lb. Prices tend to peak in late winter and early spring, but drop markedly in May. In late July, prices for live hard-shell lobsters rise again because they are hard to find. While 2022 wasn't a good year for Canadian lobster exports, 2023 doesn't look any better. Canadian exports of live and frozen lobster totaled 63,956 tonnes in the first nine months of 2023, compared to ...
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