Tag Archives: producers could limit production
Snow crab producers could limit production to help international market
An excess of snow crab produced in Newfoundland and Labrador is leading to supply outpacing demand, leaving industry figures to question if it’s worth slowing production to allow the market to catch up. More than 60 per cent of the total quota has already been caught and processed, according to Derek Butler, executive director of the Association of Seafood Producers. Butler says the fast-paced production has caused the market for crab to stall, leaving the industry to wonder where it will go next. “It’s a situation where we continue to buy, produce and to build inventories without the required sales to support those inventories,” >click to read< 10:47
