Low Lobster Prices Open New Markets

AUGUSTA — The low price of lobsters may be changing Maine’s signature seafood from a premium dining item into the latest version of the gourmet burger.


With the supply of lobsters abundant and the economy in the doldrums, the wholesale price has dropped so far that the crustacean that was once the star of high-end, white tablecloth restaurants is being used as bait to lure customers into some of the nation’s best known casual dining establishments.

Among the chains that have been featuring lobster are the Tennessee-based Ruby Tuesday, Red Lobster, Uno Chicago Grill Restaurants and Bugaboo Creek Steakhouse.

“Some restaurant chains are experiencing difficulties, but we’ve seen a boom in restaurant sales,” Dane Somers, executive director of the Maine Lobster Promotion Council, said this week.

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