“The market has collapsed.” With crab season on the line, seafood producers’ association digs in its heels on price
Jeff Loder, executive director of the Association of Seafood Producers said Monday the crab market has softened in the past few weeks, and the group will not negotiate a new price with fishermen. “The market has collapsed. Prices need to reflect that,” he said. Loder said each day the industry is delayed, with fishermen in the Maritimes and Quebec already out on the water, the worse it is for everyone. “Snow crab is not selling. There’s a glut in inventory,” said Loder, speaking for the first time since the provincial price-setting panel set a minimum price of $2.20 Cdn per pound for harvesters, who responded with protests and say they can’t afford to fish for that price. “We need raw material to get those plants going, and to have any chance to compete with our competitors in Atlantic Canada, who are all fishing in Quebec, New Brunswick, Nova Scotia and P.E.I. at $2.25 a pound,” Video, >click to read< 16:00
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