The July lobster market reflected the arrival of shedders as the dominant grade of lobster.\u00a0 This year, though, the shedders did so in a spotty, patchy way rather than in an overwhelming glut, as they did last year.\u00a0 In fact, some dealers thought this year\u2019s shedder volume was down as much as 40%.<\/p>\n
The percentage of hard shells in the catch was fading fast, down to 5% in many places.\u00a0 But their value was increasing.<\/p>\n
A week to 10 days before the July 9 reporting week, the Maine old shell price rose a dollar.\u00a0 Once Canadian dealers saw that price jump, a US exporter said, they followed suit, and Canadian prices jumped close to a dollar almost overnight.\u00a0 This price jump was for the 15 million lbs of old shell product being held in long-term storage in tubes and trays in Canada, where lobster fishing was essentially over until the fall.\u00a0 A New Brunswick processor, though, added that the price also went up because the volume of shedders is not as heavy this year as it was last year.<\/p>\n
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Read the rest and much, much more in the August issue of Commercial Fisheries News. Read online<\/i><\/b><\/p>\n
immediately and download for future reference. [add_to_cart=3035]<\/i><\/b><\/p>\n Shedders dominate, price drops on spotty catches The July lobster market reflected the arrival of shedders as the dominant grade of lobster.\u00a0 This year, though, the shedders did so in a spotty, patchy way rather than in an overwhelming glut, as they did last year.\u00a0 In fact, some dealers thought this year\u2019s shedder volume was … <\/p>\n