Tag Archives: price of crab
Crab harvesters will lose out on $30M because price-setting panel sided with processors, says Efford
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. One vocal critic says the new decision will cost harvesters as much as $30 million from a lucrative fishery that has become the economic mainstay in the industry since the cod collapse of the early 1990s. 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. John Efford, the Port de Grave fisherman who led protests throughout March, said when he heard the price setting panel had chosen the ASP formula his first reaction was one of disbelief. Photos, Video, more, >>click to read<< 16:35
Crab season to begin Saturday but price talks could delay start
Crabbers are still negotiating with fish processors over the price per pound of crab, and by the first week of January, they might have a deal, said Harrison Ibach, president of the Humboldt Fishermen’s Marketing Association. He added that he could not speculate on what the price would be, but that it would likely not be as high as last season’s $4.75 per pound. “It’s a very soft seafood market at the moment. I guess you could say it’s probably due to economic conditions, the cost of living is extremely high,” Ibach said. “There’s not been a lot of consumption of domestic seafood or seafood in general.” >click to read< 11:26
