Snow crab harvest slashed by 40% compared to last season

Crabbers’ fears of diving quota came true with the third-lowest snow crab harvest limit since 2005. The quota cut represents nearly a third of the entire snow crab harvest’s value last year. Between 2005 and 2014, the average price for Bering Sea snow crab was $1.86 per pound. At 40.6 million pounds, it comes to $50.2 million, or 31 percent of last year’s harvest value.In comparison to recent years, the value loss is even higher. Snow crab prices in the 2010s are the highest they’ve ever been; they haven’t dipped below $1.86 per pound since 2010. Last year, snow crab’s $2.37 per pound,,, Read the rest here 09:14