REPORTER: Crab Quotas Slashed Heading Into 2022
December 27, 2021
This article was originally featured in the Winter 2022 Edition of Urner Barry's Reporter magazine.
Snow Crab
With the mid-October announcement out of Alaska that the Bering Sea snow crab quota will drop 88% to 5.6 million pounds, market participants have been buzzing around crab products. The Canadian snow crab market trended slightly higher on both 5-8s and 10-ups out of both Newfoundland and the Gulf after the announcement. Most participants reported they were closely holding current inventories and...
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