Saturday, August 1, 2009

'Lobster again? Can't we have hot dogs for a change?'

Posted By on Sat, Aug 1, 2009 at 2:47 PM

Wow, lobster's now cheaper per pound than scrap meat:

Looking for an inexpensive change-up for your next backyard barbeque? Try lobster. "Per pound, it's less expensive than hot dogs right now," grumbles lobster-boat captain Mike Dassatt, who fishes the coast near Belfast, Maine, with his wife Sheila....

All around the globe, the lousy economy is having a devastating impact on demand for luxury goods, and the Maine lobster may well be the Mercedes-Benz of food.

Restaurant demand for lobster is down 30% to 35%, versus 10% to 15% for other seafood, reports Michael Tourkistas, CEO of Lynn, Mass., seafood distributor East Coast Seafoods. "Lobster is considered a celebration food -- a feel-good food -- and right now people don't have a lot to celebrate," says Tourkistas.

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