Farmed Oyster Sales, Profits On The Rise

It appears pearls are possible when investing in oysters.

As New York Oyster Week kicks off Sunday, top New York chefs and raw bars are featuring the bivalve mollusks on their menus.

Kevin Joseph, founder of Oyster Week and an expert on the shellfish, says cultured oysters sales are substantial — $50 million on the East Coast and another $50 million to $60 million on the West and Gulf Coasts. The overall industry totals more than $1 billion, including wholesale and restaurant sales.

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