Snow crab prices down by nearly 60 per cent in U.S. market
The snow crab season in Atlantic Canada usually doesn’t get going until mid-April, but that doesn’t mean fresh snow crab is not already hitting the U.S. market. Alaskan fleets finished up their tanner crab season this week. That crab is often marketed under the name “snow crab,” being of similar size and colour. If the Alaskan tanner fishery is a portent of things to come, snow crab catches this year will have much less value than in 2022. The tanner fishery started Jan. 15 with wharf prices at US$3.25 to US$3.35 per pound, according to the latest blog from U.S. seafood analyst Les Hodges. The initial offer from processors was $2.50 a pound, but that offer prompted a strike by the crab fishing fleet, that prompted a bump in the offer from processors. >click to read< 14:04
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