Snow Crab Market Adjusts to Lower Supply; Sellers Now Calling Buyers
SEAFOODNEWS.COM [SeafoodNews] by John Sackton and Janice Schreiber – June 22, 2018
The snow crab market has adjusted to lower supplies.
With the season almost over in Newfoundland and the Gulf, Urner Barry is reporting that the crab market is now flat, both for Canadian snow crab, and for Russian snow crab as well.
It appears the market has adjusted to the higher prices, which are up 20% over last year for Gulf crab for example, and 56% higher than their five year average.
At $9.10 to $9.15, both Newfoundland...
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