CNBC cites Lobster Institute in report on food trucks, lobster prices
CNBC spoke with Bob Bayer, director of the University of Maine’s Lobster Institute, for a story on the surging demand for lobster in the U.S. and abroad. “Lobster demand usually follows the stock market and general economy,” Bayer said. “When the economy is good, lobster demand is good.” The story also notes one of the reasons prices were high in August, September and October is that processors have been buying lobster for customers such as lobster roll trucks, putting them in direct competition with buyers in the live lobster market. Bayer also was quoted in the Chicago Tribune article, “Chicago lobster joints feeling the pinch of price hike.”