News Summary February 15, 2024
Les Hodges: Russian Crab Dominates Asia
U.S. imports of snow crab were up 32.7% in 2023 to 129mm lbs led by imports from Canada where snow crab increased 37% to 118mm lbs. This compares to 97mm lbs of snow crab in 2022. King crab imports, including Santolla, were down -86% in 2023 to 3.7mm lbs. Limited quantities of Alaska red king crab were available in 2023 as well as Alaska golden king crab. As the 2022 Russian king crab remaining inventory is removed from the U.S., the reality of depending on Alaska and Norway king crab for supply is now hitting home in the market...
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