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Bayer Talks to Financial Times, MPBN About Oversupply of Lobsters

Bob Bayer, executive director of the Lobster Institute at the University of Maine, spoke with Financial Times and the Maine Public Broadcasting Network about the oversupply of lobsters and the negative effects on the industry. Bayer said he doesn’t think anyone really understands how the price of lobster is set, and called the crustacean a celebration food. CNBC also carried the Financial Times report.

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