ANALYSIS: Snow Crab Market Quiet; Buying Opportunities Down and Retail Price Up
The snow crab market out of Canada, similar to other crab species, looks to have downward pricing pressure on both 5-8s and 8-ups. Lower offers have been collected and the market has been trending lower over the past few weeks. Market participants report that buyer needs currently appear to be fulfilled. Demand further along the distribution chain has slowed the past several weeks.
Minus the week of January 22, where we did see retail promotions or buying opportunities surpass last year’s...
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