Panel Selects ASP Formula, Pulling Fair Market Share from Harvester Reach
Minutes ago, the Standing Fish Price Setting Panel announced their decision for the 2024 snow crab season, siding with the Association of Seafood Producers formula. FFAW’s offer was based on the Blackwood report and would have seen harvesters capture a fair market value based on historic shares. ASP’s formula is not based on historic data, nor was justification found within their submission document. Moreover, there is no mechanism for harvesters to benefit as the market increases. ASP caps harvester share at 37% once the market reaches $8.02CAD, contrary to historic pricing shares that increases the harvester share as market prices increase. more, including 2024 Crab Fishery Decision, >>click to read<< 19:50
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