ANALYSIS: King Crab Market Firm as Demand Outweighs Supply
A lack of supply and available replacement product from Russia continues to be the overall theme in the king crab market. Through November 2020, king crab imports are down 6.8 percent from Russia, the top producing country in the world.
The past two months of imports have fallen well below the 3-year average of monthly imports. In taking a closer look at the cyclical behavior of imports, both October and November are noticeably lower; down 34 and 49 percent respectively in comparison to the 3-year average...
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