Sunday, August 26, 2012
This summer has been like heaven for lobster lovers. There has been an abundance of lobster, which has caused the price to go down. Where I live, lobster can be bought for under $5.00 a pound! In the Portland area, retailers have been selling lobsters for as little as $3.79 a pound.
The reason for the low prices is because in the springtime, the lobster fishermen had an unusually strong catch. This resulted in a "backlog", an overflow of lobsters. Because lobsters can't be shipped (they are too fragile to survive the long journey), they have a limited geographical location where they can be sold. This causes an overabundance, and therefore, low prices.