Low prices could force out some snow crab harvesters
The snow crab industry in Cape Breton is in a world of trouble this year and a price of $2.25 per pound at the wharf may not be enough for some harvesters to continue. “You have the U.S. market with bank failures and they are close to a recession,” said Osborne Burke, general manager of Victoria Cooperative Fishery Ltd., located in Neils Harbour. Osborne says it’s been 15 years since the at-wharf price was that low. Factor in the economy issues and very high fuel prices and the number crunching simply isn’t working in harvesters favour. >click to read< 16:09
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