In the newest episode of The Market Current, Undercurrent senior price reporter Ben Fisher discusses the impact that new Canadian lobster fishing area (LFAs) openings are having on the US wholesale market. 

Fisher highlights how the quick influx of supply has driven US wholesale prices downward, which is the same trend observed last year and something that can now be viewed in a year-on-year comparison since UCN’s US wholesale live lobster price assessment is more than a year old. 

While demand is quite poor at this time of year, Fisher says that sources in the industry believe that the upcoming Mother’s Day holiday (on May 10 in the US) could serve as a boost, at least in the short term. 

The live lobster sits alongside frozen lobster tails and frozen lobster meat, which round out UCN‘s US wholesale lobster assessment offerings. 

One of the key advantages of UCN‘s price reporting agency (PRA) model is its end-to-end visibility across the supply chain, from raw material at origin to wholesale pricing in the US. This episode demonstrates the value of that approach, using dynamic charts and preset data tools available through UCN‘s price and trade portals. 

UCN‘s US wholesale price portal is available to UCN Pro subscribers. If you don’t have access, click here for a Pro trial. 

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