Economic woes suppress spiny lobster demand

The outlook for Florida’s spiny lobster season, which opened 6 August, is bleak, but not because of lack of supply. Demand for the product is lagging significantly, which is depressing prices.

“We’re all dealing with a recession, and market demand is nowhere near where it should be. People are afraid and are not buying,” said one Florida dealer.

Both domestic and international buyers are waiting to put in large orders — possibly until the Thanksgiving and December holiday season. “…

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