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Lobster prices up again. What up?

bruceter Jan 25, 2009 12:53 PM

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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    smr714 RE: bruceter Jan 25, 2009 01:49 PM

    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. Kagemusha RE: bruceter Jan 25, 2009 03:17 PM

      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
        bruceter RE: Kagemusha Jan 25, 2009 05:12 PM

        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
          KevinB RE: bruceter Jan 25, 2009 11:47 PM

          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
            minte RE: KevinB Jan 26, 2009 02:39 AM

            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
              bruceter RE: KevinB Jan 26, 2009 05:57 AM

              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
                KevinB RE: bruceter Jan 26, 2009 03:18 PM

                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
                  bruceter RE: KevinB Jan 26, 2009 05:54 PM

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

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