FFAW blasts price-setting panel after it sides with ASP on crab-pricing formula

With the time-sensitive snow crab season set to begin in a few days, fish harvesters in Newfoundland and Labrador are once again talking about tying up their boats due to the price of crab. The province’s price-setting panel sided with the Association of Seafood Producers on Monday evening, setting a price floor of $2.60 per pound with the ability go up as market factors change. The panel rejected a formula proposed by the Food, Fish & Allied Workers union, which was closely tied to the formula suggested by an independent report at the end of last season. “There was a better way to do this,” said FFAW president Greg Pretty. “The work was already done by Glen Blackwood in his report. The Blackwood formula provided a way for harvesters to be paid a fair market share, but that was tossed aside for a formula that is not tied to information harvesters can trust.” more, >>click to read<< 11:26

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