Turtle Farm sold off some overstock of harvested turtle at reduced prices to
restaurants Thursday and Friday, leading some members of the public to believe
the hefty price increase announced in February had been rolled back.
Boatswain’s Beach/Cayman Turtle Farm Managing Director Tim Adam said the new
prices remain the same.
“The price we
are selling it at are what is needed to cover the cost of production,” he
reiterated on Friday afternoon.
In a short
written statement issued by the Turtle Farm Friday, it said that since the
increase in prices, turtle meat sales had continued, but at a slower rate than
before the increase.
“The last meat
production run built up a small overstock of harvested turtle meat,” he said. “To
sell off the overstock, we directly promoted sales between yesterday evening
and this morning by having Cayman Turtle Farm team members directly call some
restaurants who have been buying significant amounts of turtle stew, offering
them a 25 per cent discount,” the statement said.
restaurants were happy to get the turtle meat at the discounted price, said Mr.
“We have sold
out the overstock amount that we had available at the discounted price,” he
said. “We have now adjusted our meat production to be better aligned with
demand, and we are also now able to take advance orders for future production
Mr. Adam said he did not foresee another overstock
situation that would result in discounted prices.