Lobster now selling at bargain prices

Break out the bib: Lobster’s for dinner. 

With the price of the seafood delicacy getting rocked by the COVID-19 outbreak, this luxury treat has been transformed into more of a bargain bite. 

Lobsters that used to get shipped to Asia on charter flights for Chinese New Year celebrations have been grounded by the rise in coronavirus cases as droves of people fearful about the outbreak canceled restaurant reservations.

With the marooned lobsters pouring into North American markets, prices have sunk to the lowest level in four years, according to Bloomberg.

One country’s loss is a boon for American consumers who are snapping up bargain lobsters from fishmongers.

“We were able to offer a product that we normally weren’t able to because it was too expensive,” says Casey Peterson, COO of Giovanni’s Fish Market and Galley in Morro Bay, California. “The prices went down a lot, so we’re able to offer it at a much cheaper price,” Peterson added.