Crabbers receiving record prices for low catch

The year’s first red king crab fishery at Norton Sound has yielded 17,000 pounds Alaska crabbers are hauling back pots from the Panhandle to the Bering Sea, and reduced catches are resulting in record prices for their efforts. The year’s first red king crab fishery at Norton Sound has yielded 17,000 pounds so far of its nearly 40,000 pound winter quota for more than 50 local fishermen. The crab, which are taken through the ice near Nome, are paying out at a record $7.75 a pound. A summer opener will produce a combined catch of nearly half a million pounds for the region. Red king crab from Bristol Bay also yielded the highest price ever for fishermen, averaging $10.89 per pound. That catch quota of 8 million pounds was down 15 percent from the previous season. The Bering Sea snow crab fleet has taken 80 percent of its 19 million pound quota, down by nearly half from last year. That’s pushed market prices through the roof, topping $8.30 a pound at wholesale in both the U.S. and Japan, compared to over $5.50 per pound a year ago. continue reading the article here 13:56