Hopes dashed for crab-pricing formula as union-producer talks end in failure

It started out six weeks ago as a rare show of unity between the fisheries union and seafood producers, but efforts to agree on a price formula for this year’s snow crab harvest have ended in failure. Jeff Loder, executive director of the Association of Seafood Producers, said in a press release issued Tuesday afternoon that the group couldn’t reach an agreement with the Fish, Food & Allied Workers union, which represents Newfoundland and Labrador’s inshore fishermen. “We negotiated in good faith with our best efforts to find a collaborative solution with the FFAW by defining a formula that works for both parties. Unfortunately, this was not possible,” says the release.  >click to read< 15:37

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