Steneck Quoted in Business Insider Report on High Lobster Demand, Prices
University of Maine marine scientist Bob Steneck was quoted in a Business Insider Australia article about high lobster prices due to a surging demand and abnormal ocean conditions. Lobster prices usually go down in the summer as lobster fishermen bring in more soft-shelled lobsters, but not this year, according to the article. Lobsters usually molt twice a year, but because of the harsh winter, the crustaceans might only molt once, the article states. There might not be enough time for lobsters to grow and molt again before cold winter waters arrive, Steneck said, which could decrease the overall lobster landings for the year and keep the price high. Yahoo Finance also carried the Business Insider article.