Les Hodges: Frozen Crab to the US, Live to China - Everything Else is Just Noise

As the industry enters the final weeks of 2025, one reality is unmistakable: global king and snow crab movement is now shaped almost entirely by the United States and China. The US has become the dominant outlet for frozen snow crab, absorbing record volumes from Canada and Norway, while China controls the live crab market and continues to pull the majority of Russian king and snow crab. Japan remains Asia's largest frozen crab buyer, but demand has fallen sharply under a weak yen and declining consumer...
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