News Summary June 2, 2023
Snow Crab Update: NL Minimum Price to Harvesters Increases, Plus Landings Update As of June 2
The minimum price of snow crab for Newfoundland and Labrador harvesters is going up. Per FFAW-Unifor’s agreement with the Association of Seafood Processors (ASP), the snow crab fishery started with a minimum price of $2.20. However, both parties agreed that the price would increase if Urner Barry’s price increased. On Thursday Urner Barry’s price for 5-8s increased to $4.85, bringing the minimum price to harvesters from $2.20 to $2.25. According to FFAW, all receipted sales Sunday, June 4 through Saturday, June 10 will be minimum $2.25...
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