Russian Far East King Crab Price Dropped 6% to $37.50 per Kilo at the Second Bussan Auction

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Russian Far East King Crab Price Dropped 6% to $37.50 per Kilo at the Second Bussan Auction

The second bidding round of the year for frozen king crab from the Russian Far East took place on December 18th in Busan, South Korea. According to one trading company, 14 tons of cooked, air-blast-frozen crab (10kg fixed weight) produced in mid-November was up for bid. The winning bid (M-3L single price, EXW Busan) was $37.50/kg, 6% lower than the initial bid, and it appears that a single South Korean trading company won the entire...

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