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October 23, 2008

In the Tank

Not the MSM. I'm talking the business of lobsters.

The price of Maine lobster, which accounts for 80 percent of the U.S. catch, is tanking.

The primary factor, a drop-off in demand by penny-pinching diners, has been in place since summer. But a secondary problem recently surfaced: the global banking crisis left Canadian processors short on credit, trapping Maine lobstermen and dealers with too much supply.



Ayuh.

Posted by tree hugging sister at October 23, 2008 02:37 AM

Comments

Yuck.

Big ocean cockroaches.

Posted by: Mr. Bingley at October 23, 2008 08:09 AM