Alaska Snow Crab Price Settled at $5.90
SEAFOODNEWS.COM by John Sackton January 26, 2016
With the 40% cut in Alaskan Opilio quota this year, a much smaller amount of Alaskan crab will be available to the US and Japanese markets.
As a result, packers were able to ask and get a price of $5.90 CIF Japan/Seattle, despite initial sticker shock from buyers.
A number of contracts have been signed with both Japanese and domestic buyers at this price for 5-8 Alaskan sections. Larger sizes, and Bairdi sections, are priced higher.
The $5.90 price is more than $1.00 higher than th $4.75 price established last year, after some packers initially set...
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