“Lobster glut brings down retail prices, at last” Article In The Boston Business Journal

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Lobster glut brings down retail prices, at last

by Jay Fitzgerald, Special to the Journal

Boston Business Journal

Updated: Tuesday, July 17, 2012

An unexpectedly abundant catch this spring of soft-shell lobsters has finally begun to force down the price of lobster at restaurants and retail stores – much to the delight of consumers.

“We’re doing fabulous,” said Myalisa Waring, owner of the Lobster Pool restaurant in Rockport. “We’re serving lobsters like crazy. Everyone’s coming in and talking about the prices and want lobsters.”

“I haven’t seen catches like this in years,” said Frank Ciaramitaro, co-owner of Captain Joe & Sons Inc., a Gloucester wholesale dealer that buys lobsters direct from lobstermen on the docks. “For us, it’s been a record.”

Even though lobstermen began catching higher numbers of soft-shell lobsters in early June – about a month earlier than usual, creating an unexpectedly large surplus of lobsters early in the season – the retail prices for lobsters initially and generally held steady across much of Massachusetts through last week.

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4 thoughts on ““Lobster glut brings down retail prices, at last” Article In The Boston Business Journal

  1. Joey and Frankie,Best lobsters we’ve had for a long time,perfect with Corona,I’ll be back this week for more.Your friend Jerry

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