Les Hodges: The Market Has the Crab. Now It Needs the Buyers.

The global crab market has moved from concern over supply availability to the more difficult question of demand. Strong Canadian snow crab shipments have substantially improved U.S. availability, while recovering Alaska resources and increased availability of Santolla from Argentina and Chile have changed the supply outlook. Norway remains constrained by its sharply reduced red king crab quota, while sanctions continue to exclude Russian crab from the U.S. market. The question for the second half of 2026 is increasingly not whether crab is available, but whether demand is strong...
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