tenspeed
Executive Chef
I went down to the lobster pound and picked up two lobsters and a couple of pounds of steamers. Add a can of Bush's Grillin Beans and some cole slaw for a New England summer dinner.
I'm anticipating lobster prices will be dropping - good for me, bad for the lobstermen. Maine exports 20% of the lobster catch to China. China just slapped a tariff on American lobster, so demand will be dropping. I watched an interview with a 29 year old lobsterman. He catches 50,000 lbs. of lobster per year, so a $0.10 drop in the wholesale price of lobster will reduce his income by $5,000 per year. Hopefully he won't lose his boat.
I'm anticipating lobster prices will be dropping - good for me, bad for the lobstermen. Maine exports 20% of the lobster catch to China. China just slapped a tariff on American lobster, so demand will be dropping. I watched an interview with a 29 year old lobsterman. He catches 50,000 lbs. of lobster per year, so a $0.10 drop in the wholesale price of lobster will reduce his income by $5,000 per year. Hopefully he won't lose his boat.