Lobsters

Wikimedia/Andy Mitchell

Lobster Prices Go Up After Small Harvest

A small harvest and increasing demand abroad means lobster is getting more expensive
Lobsters

Wikimedia/Andy Mitchell

Sorry, fancy people, the price of lobster has gone up and is expected to rise after a small winter harvest and growing demand abroad.

The already-high price of lobster is expected to rise significantly in the near future because of a small winter catch and increasing demand from abroad.

According to the Associated Press, bad weather contributed to a smaller than usual catch in New England and Canada this year. The U.S. does not normally have a big winter catch, but Canada usually sees a better one than this past season.

Lobsters have been particularly popular in China, where demand is expected to peak at the end of the month when people will be celebrating the Chinese New Year with lavish dinners.

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The Associate Press reported that in the U.S. lobsters were priced at between $9 and $11 per pound back in September. Now lobster has been selling at around $13 a pound and more, and that’s likely to rise even higher.