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Lobster prices up again. What up?

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Have noticed a spike in the price of those delicious monsters.. Up 4 bucks at Bill's I hear. SLM too, but never buy there anyway. Is this just Chinese New Year profiteering? Has the economy suddenly rebounded and nobody has notified me.? They are pricing me out of the game again

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  1. I heard alot of the fishermen would not go out to catch because the price was too low, so maybe the glut has come down, I don't know but it could explain it?

    1. It's ECO 101 stuff. Why should lobstermen supply at or below cost, only to get labeled "profiteers" when they cut supply, raise prices and make a reasonable profit?

      6 Replies
      1. re: Kagemusha

        because at 8.99 a pound u would get way more people eating it maybe? Market it as a accessible good , not just a luxury.. Presto . the new turkey

        1. re: bruceter

          Because 8.99 retail doesn't mean the lobstermen are getting 8.99 at the wharf; probably half that. Now, if you want to go out into the Atlantic on a small boat in freezing January squalls, be my guest, but I don't mind paying a bit more for them to enjoy a reasonable profit for a very hard job.

          1. re: KevinB

            In Halifax last month the fishermen were getting $3.99/lb wholesale. A lot of htem stopped fishing, and when they did they were selling out of their trucks for $5/lb. Prices have gone up because the season is ending since it's getting too cold to go and fish.

            1. re: KevinB

              UNTIL its 15.99 a pound again? AGAIN. .., I had lobster at least seven times in month of December when prices were lower.. I haven't had it once since prices went back up...

              1. re: bruceter

                Don't know where you shop, my man, but we buy it at Chinese groceries like T&T, and rarely pay more than $11.99/lb, and usually less.

                1. re: KevinB

                  shop at Bill's currently clocking in at 12.99. Prices prob won't drop again til April