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- BUSINESS, Page 59Business NotesSEAFOODBoiling Mad About Lobsters
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- Before it became an expensive delicacy, lobster was
- dismissed as poor people's food. This summer the crustacean is
- once again food for the poor. A surplus of the seafood has
- lowered the price that Maine lobstermen earn for their catch
- to as little as $1.50 per lb., at least $1 less than usual.
- Angry about the going rate, fishermen have given away more than
- a ton of lobsters to local charities. Prices are falling
- because demand has failed to keep up with an overabundant
- catch. The slumping economy has hurt tourism in New England, and
- families have been avoiding luxury foods. But don't expect
- bargains when eating out: many restaurants still charge top
- dollar because they think customers are inured to high prices.
- Lobstermen hope that profits will rise soon, when brokers begin
- stockpiling the crustaceans for the winter.
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