Snow crab producers compelled to respond to 2022 market challenges

The Association of Seafood Producers (ASP), representing the majority of Newfoundland and Labrador based snow crab producers, issued a media release today, saying the industry is compelled to respond to the 2022 market uncertainty. ASP says it has serious concerns that the snow crab market is not functioning in a normal manner, and that US and Japanese buyers have been reluctant to place orders for snow crab or have slowed their crab purchases week after week in the hopes of finding the bottom of the market. Newfoundland and Labrador have to date landed and produced over 60% of the crab, well ahead of previous years given this year’s quota increase. >click to read< 09:34

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