Russian snow crab weighs down our markets
The snow crab fishing season in the southern Gulf of St. Lawrence this year was weighed down by the arrival on the American market of large quantities of this crustacean from Russia. This Russian crab was imported in abundance amid shortages last fall, due to the closure of the fishery in Alaska, and when household spending was on the rise. However, what was selling at a high price then continued to lose its value during the winter, when the American and Canadian governments ended the aid programs linked to the pandemic and when consumers finally deconfined recovered. to travel rather than eat expensive crab at home. Additionally, US buyers continued to buy Russian crab in droves this spring, rather than Canadian crab, before it was affected by the trade embargo due to the war in Ukraine. >click to read< 8:44
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