Panel Decision on Crab Signals Economic Crisis for NL

The Standing Fish Price Setting Panel announced their decision on the price of snow crab for the start of the 2023 fishing season, selecting the Association of Seafood Producer’s (ASP) second price submission of $2.20, over the Negotiating Committee’s price of $3.10. Crab Committees throughout the province have made the unanimous decision to not fish at the unsustainable price and will review this position in the coming weeks. “The Panel’s decision today has put our industry in the most precarious situation it’s ever been in. The Final Offer Selection (FOS) process has completely lost its way when bottom of the barrel prices are being selected without absolutely any merit,” says FFAW-Unifor President Greg Pretty. >click to read the press release< 15:25

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