Snow crab price sees a bump to $3.50 after arbitration decision

On the heels of a federal government announcement in the form of a $470 million COVID-19 relief package for fish harvesters across Canada came more good news for crab fishermen in Newfoundland and Labrador. On Thursday evening FFAW-Unifor, the union representing fish harvesters in the province, announced the price setting panel sided with the union after an arbitration hearing on Wednesday over snow crab pricing. The price setting panel has now set the snow crab price to $3.50 per pound — the FFAW-Unifor minimum price — not $2.90 per pound as tabled by the Association of Seafood Producers. >click to read< 20:59

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