Rumours of soaring crab prices cause N.L.’s newest processor to hit pause
Lloyd Nash was all ready to start accepting the first loads of crab at his new processing plant when the market was thrown into a tizzy over the weekend. The owner of Uncharted Seafood in St. John’s obtained a crab licence this season, after fish harvesters successfully lobbied the provincial government to issue new licences. He was even prepared to offer a little more than the $3 per pound that was agreed upon by the associations for producers and harvesters after a protracted battle over pricing. But then, rumours ripped through the industry that some of the larger processors were preparing to offer as much as $4.50 per pound. more, >>CLICK TO READ<< 07:42
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