Tag Archives: review of crab prices

FFAW asks for review of crab prices for Newfoundland and Labrador fishers, Panel agrees to hear submission May 13

The FFAW has asked the province’s Standing Fish Price Setting Panel to reconsider the price set for snow crab for the 2020 season. Earlier this month, the panel set the price at $2.90 per pound, after considering submissions from the FFAW and the Association of Seafood Processors (ASP) and assessing market reports. For the past three years crab fishers in this province have been getting exceptional prices for their catches, ranging from $4.50 to over $5 per pound, thanks to high consumer demand. This year, however, the market for crab is in a slump,,, The Coronavirus slump.  >click to read< 11:01