Record high prices expected for red king crab fleet

red-king-crab-2432px-608x400The Bristol Bay red king crab season is moving at a fast pace, with most of the quota already harvested. While state regulators slashed quotas, a crab industry official says fishermen are seeing plenty of all species, and are expecting record high prices. On Tuesday, the fleet had landed 7.5 million pounds, for 89 percent of the red king crab quota, according to the Alaska Department of Fish and Game in Unalaska. Only 18 boats were still registered, down from the peak of 62 vessels. The season opened on Oct. 15. While the red king crab prices are expected at record highs, that’s the one bright spot for the major crab fisheries in the Bering Sea. Tanner crab has been canceled because of conservation concerns. The snow crab quota was nearly cut in half, compared to last year. Now, more fishermen than ever are expected to try to fill their pots with another species, Pacific cod, according to Krista Milani, a fisheries biologist with the National Marine Fisheries Service, in Unalaska. While she’ll know more next week, she reports a “very unusual” amount of fishing boats planning to go directly into Pacific cod from red king crab. Read the story here 09:57