Tag Archives: snow crab tie-up ends

MEDIA RELEASE: Crab Fishery Underway in Newfoundland and Labrador

With an agreement reached, the snow crab tie-up ended on Friday and a fishery is now underway in most areas of the province. The secured agreement is a formula structure that guarantees a lowest minimum price of 2.20 per pound with incremental increases as the Urner Barry market price increases. “To say we are no better off than when the Panel price came out is incorrect. The final offer selection process didn’t give harvesters a formula. But the Union did. Our members’ solidarity did. The value we’ve protected here is extremely important and cannot be overstated,” says FFAW-Unifor President Greg Pretty. >click to read< 19:39