US lobster loss on global market is Canada's gain

While the price of Maine lobster and sales are strong this year, overseas demand is not as high as in previous years because of the strong U.S. dollar compared to other currencies.

“We are seeing a lot less demand this summer from China compared to the last two to three years, because of their stock market and the devaluation of their economy,” said Tom Adams, owner of Maine Coast Shellfish in York, Maine. “There will still be growth there for many years, but that gro…


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