Record high prices, strong demand for Canadian snow crab bodes well for Alaska

The top executives of Royal Greenland and Ocean Choice International (OCI) noted demand has remained strong for Canadian snow crab in 2017, despite record-high prices caused by reduced supply from the Newfoundland and Labrador fishery. In April, Canada’s Department of Fisheries and Oceans (DFO) cut the 2017/2018 total allowable catch (TAC) for the Newfoundland and Labrador fishery 22% year-on-year — to 35,419 metric tons — causing prices to increase to record levels of over $8 per pound (for 5-8 ounce size crab) during the season, sources said. The Newfoundland season started on April 6 and finished between May and August, depending on the area. click here to read the story 18:38