Dungeness Crab Prices Skyrocketing in China as Weather Slows BC Fishery
SEAFOODNEWS.COM [mt.sohu] Translated by Amy Zhong March 24, 2016
In the past few weeks, the price of dugeness crabs has skyrocketed in China.
Normally at this time of year the China live demand sets the market price in Canada and the West Coast, because landing volumes are low.
Due to weather issues, and low catch rates, the BC fishery has not been shipping as much live product to China. As a result, prices in the Shanghai area have increased 20% over the past few days, and they have increased in other areas of China as well.
The chart below shows the reported price per Jin, which is about .5 kg or 1 lb, in Yuan.
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