The market for frozen lobster is hot and prices are expected to continue to rise

The demand for frozen lobsters in North America is surging, leading to a significant increase in prices. The end of the Canadian spring fishing season has limited the supply of hard-shell lobsters, and the focus has shifted to Maine. However, this year's catch in Maine is about 25% lower than last year, further exacerbating the shortage and driving prices up. Canadian processing plants may also stop processing lobster tails and lobster meat in winter due to high raw material costs, adding to the concerns. As a result, prices for hard-shell and new shell lobsters, as well as frozen lobster tails and lobster meat, have all increased. These trends are expected to continue as demand remains strong and supplies remain tight in Canada and Maine.

Recently, the demand for frozen lobsters in North America has surged, with buyers scrambling to buy lobster tails and lobster meat, and prices are expected to continue to rise. According to UCN, a US wholesaler said: "The lobster market in the North Atlantic is now extremely hot, and the enthusiasm and activity of buying have increased significantly." The Canadian spring fishing season ended at the end of July, which means that a supply period of about 2.5 months of hard-shell lobsters has come to an end. Since then, the focus of lobster fishing has shifted to Maine, USA, and new shell lobsters have become the darling of processing plants. Canada has more than 7,300 licensed lobster fishermen, and the annual spring fishing season accounts for about two-thirds of the country's total lobster production of 100,000 tons. However, Canada currently only has LFA between Prince Edward Island and New Brunswick. 25 fishing area is open, and fishing in this area is carried out from August 9 ...