Newfoundland and Labrador: OFFER SIGNED TO START CRAB FISHERY

This morning, the FFAW Snow Crab Bargaining Committee reluctantly agreed to sign off on a final offer from ASP to start a crab fishery this year. The offer guarantees a minimum price of 2.20 and includes incremental increases as the Urner Barry price increase, which ensures the price will not drop lower regardless of potential market drops. The agreement was made on the stipulation that Premier Furey publicly commit to revamping the final offer selection (Panel) process and work towards a formula prior to the 2024 season. >click to read the press release< 11:56

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