Higher Prices, Quotas for Snow Crab Means a $400M Boost for Newfoundland and Labrador Economy
Thanks to increases this season in quotas and prices, snow crab harvesters in Newfoundland and Labrador will add $400 million in landings to the province’s economy this year.
Fisheries and Oceans Canada decided on a quota increase for the 2021 season, putting the total allowable catch at 38,186 tonnes. Last year the total quota was just over 28,000 tonnes.
The final price for snow crab has not been set, but it will be over $5 per pound...
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