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Analysis

Premium Brands overcomes poor US lobster harvest to set records in Q4

A 'poor Maine lobster fishery' resulted in 'high lobster selling prices that in turn lowered demand in the US and China markets due to generally weaker consumer environments' -- Premium Brands' Q4 report

By Jason Huffman | March 21, 2025 15:37 GMT
A Maine lobster. Photograph by Jason Huffman.
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Premium Brands, the Canadian parent company of Ready Seafood, Westmoreland Fisheries and Clearwater Seafoods, saw record fourth-quarter 2024 profits and sales in spite of challenges presented by a reduced lobster harvest in the US state of Maine, the company reported Thursday (March 20) [...]

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Contact the author jason.huffman@undercurrentnews.com

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