Tag Archives: Snow crab market
Flawed snow crab price-setting system needs overhaul soon, FFAW says
The president of the Fish, Food & Allied Workers union says time is ticking on getting a new formula-based seafood pricing system in place ahead of the 2024 season. A November report from the province’s three-person fish price-setting team submitted to the provincial government said the current seafood price-setting process is flawed and changes need to be made to avoid another tie-up that halted the snow crab industry for six weeks last season. The report offered nine recommendations, including that a formula-based pricing system be implemented by the end of January. FFAW president Greg Pretty said that process is underway. more, >>click to read<< 14:16
Snow crab market heats up with Record-Breaking Prices in northern Cape Breton
Soaring demand from the U.S. has resulted in snow crab coming in at over $8 a pound. The price was closer to $4.25 this time last year. Dave Donovan fishes out of Neils Harbour on board the Krista & Megan. “Eight dollars is a big bonus,” he said. “I guess it’s the best price I’ve ever seen since I’ve been in the fishery.” Donovan said the hot market this year is welcomed by all on the wharf, and in the processing plant. The high price is a surprise to Osborne Burke, “We didn’t anticipate this,” >click to read< 14:14
