US-Canada Trade Tensions Loom Over Newfoundland Snow Crab Negotiations

FFAW-Unifor, a union representing fishermen throughout Newfoundland and Labrador, said negotiations with the Association of Seafood Producers (ASP), a trade group representing processors and producers in the region, “have been productive.”

According to the FFAW, stronger snow crab market conditions compared to recent years have helped negotiations. The FFAW also noted the price increases in the Urner Barry by Expana price index.

“We have seen steady increases in the Urner Barry price index and inventory is not a factor. In fact, Urner Barry ceased quoting...

NL Delegation to Meet with New Buyers at Seafood Expo North America and Explore Market Opportunities 

The Government of Newfoundland and Labrador’s (NL) Fisheries, Forestry and Agriculture division recently announced that Minister Honorable Gerry Byrne and a delegation of provincial fishery representatives will meet with key global buyers during the 2025 Seafood Expo North America (SENA).

The annual seafood expo takes place on March 16 – 18 in Boston, Massachusetts, and will allow the NL government to explore global market opportunities with key players in the seafood sector.

This year, NL will be co-exhibiting with the following companies...

Russia Increases its Live Crab Exports to China in 2025

This year, Russia is increasing its exports of live crab to China—an uptick which coincides with a stable local demand and high export profits.

As a rule, live crabs account for 80% of Russia’s overall crab exports to China, with the majority of crab entering through the ports of Primorye and transported by road to the city of Hunchun before being distributed throughout China.

According to Russian research agency Agroexport, China imported a total value of US $1.3 billion in crab and shrimp from the Russian Federation during...

Mexico’s Modest Role in US Seafood Trade: Limited Impact of a 25% Tariff

President Donald Trump’s tariffs on Canada, Mexico, and China took effect at midnight, prompting swift retaliation. China and Canada quickly imposed tariffs on U.S. products, while Mexico’s president announced that countermeasures would be detailed on Sunday, according to Expana.

The most significant tariff impacts for the U.S. seafood industry will stem from trade with China and Canada, while Mexico’s measures are unlikely to cause major disruptions.

Mexico is a relatively minor player in the U.S. seafood market, ranking only 10th among suppliers and accounting for just 3.32%...

Indonesia's Blue Swimming Crab Exports in Jeopardy Amid Stricter Currency Controls

The latest trade policy initiated by Indonesia will likely have an outsized impact on the blue swimming crab meat trade compared to other seafood species produced within the country. 

Earlier this week, Expana reported that a new regulation would require Indonesia’s exporters (including fisheries and forestry) to retain their earnings for a full year in a special account in a national bank. A previous policy forced exporters to keep at least 30% of export proceeds in the local financial system for at least 90 days...

Russia Looking to Double Crab Exports by 2030 as it Eyes New Markets

Russia may nearly double its crab exports by 2030 as it enters new markets.

According to recent statements made by Herman Zverev, by 2030, crab exports from Russia may grow to more than US$3.58 billion, which will be 1.9 times higher compared to 2023.

As he told in an interview with Forbes Russia magazine, there is potential for Russian crab fishers to enter new markets, among which are Africa, the Middle East, and Latin America, with the biggest demand...

Japan’s 2024 Fishery Product Imports Up Slightly by 1% at 2.09 Million MT

According to trade statistics released by the Ministry of Finance on January 30, the import volume of fishery products (preliminary figures, fish and shellfish and their preparations, fishmeal, and seaweed) in 2024 was 2,093,112 tons, up 1% from the previous year. The import value was 1,947.8 billion yen ($12.71 billion), up 2%.

According to the Minato Shimbun report, Fresh and frozen tuna increased 7% to 175,088 tons, fresh and frozen salmon and trout increased 9% to 219,750 tons, and fresh and frozen shrimp increased 10%...

Russia Hits Record Crab Exports to China in 2024 Amid Shift to Asia

In 2024, Russia supplied China with a record-high value of crustaceans, mainly crabs, as part of its strategy to shift exports from the EU and the US to the Asia-Pacific region.

According to data from the Russian research agency Agroexport, crustacean exports from Russia to China reached a historic record of US$1.3 billion, 7% more than in 2023.

As president of the All-Russian Association of Fishery Producers (VARPE), German Zverev told Forbes Russia...

Last Areas in Washington Will Open for Dungeness Soon

As Dungeness crab seasons go, this one has seen progressive openings along the West Coast that has kept crab in the marketplace but also created a convoluted overlay of regulatory boundaries, especially in Washington.

The Washington Department of Fish and Wildlife announced this week that the coastal Dungeness crab fishery will open from Klipsan Beach, Wash., to the US/Canada border, including Grays Harbor to state crabbers on February 11, 2025. Special Management Areas, ...

GSMC 2025: A Look at Crab Market Narratives Including Tariffs, Russia and Supply

As the seafood industry navigates uncertainty in 2025, the conversations at GSMC revealed how global events, market trends, and policy shifts are shaping the future of shellfish, including crab. From tightening quotas in key fisheries to geopolitical pressures and evolving consumer preferences, the GSMC Shellfish Panel provided some key insights into what’s in store for crab this year.

Snow Crab

Roman Tkachenko, CEO of Direct Source Seafood, believed that snow crab hit its stride during the second half of the year after witnessing some lackluster demand...

Russian Barents Sea King Crab Catch Hits Record High in 2024

The 2024 king crab catch in the Barents Sea, northwest of Russia, was 12,363 tons, up 16% from the previous year, setting a new record. December saw a particularly dramatic increase of 3,714 tons, 5.9 times the amount from the same month last year. A Japanese trading company responded, "Maybe they saved their quota for December 2024, when the crabs are full. It's also possible that the large reduction in the quota for the largest producer in 2025 had an impact." 

Minato Shimbun conducted an analysis...

Hodges: US Crab Sales are Strong with Limited Inventories

The year ended as it began, with strong retail support for snow crab. According to Urner Barry, April prices when the 2024 Canadian snow crab season began rose by 19% compared to the remarkable levels of 2023. Despite the higher prices, the trade perceived snow crab as being a strong value, leading to 78 million pounds being imported in the first three months of the season. Favorable import prices persisted throughout the summer and into fall.

Canada dominates the U.S. snow crab market, accounting for 91% of total snow crab imports through...

Russie Eyeing Increase in Crab Exports to China in 2025

Russia hopes to increase its crab exports to China this year, as it has witnessed stable demand within the market, according to recent statements, made by representatives of local producers and some Russian media reports.

As Alexey Dakhnovsky, a Russian Trade Representative in China, recently told an interview with the Russian RIA Novosti newswire, the demand for Russian crabs in China is steadily growing, while Chinese customers are actively buying Russian crabs.

In recent months, Russia has significantly increased its...

Genome Sequencing in Red King Crab Stocks May Mean Better Odds to Survive Climate Change

A new research paper released December 31, 2024 by the Alaska Science Center showed a higher level of diversity over different regions in Alaska than previously known, suggesting the stocks may be more resilient to climate change and changing ocean conditions.

Lead author Carl St. John, a post-doctoral assistant at Cornell University, Laura E. Timm and Wesley Larson of NOAA Fisheries, and Kristen M. Gruenthal of ADF&G,  looked at the Aleutian Islands, eastern Bering Sea, northern Bering Sea, Gulf of Alaska, and Southeast Alaska ...

Washington Crab Season Delayed Until at Least January 15; Oregon Going Strong

The news Monday was not exactly a lump of coal, but an early Christmas “gift” many fishermen suspected would be coming: An extended delay into January for the start of the Washington/Northern Oregon crab season.

In an announcement Monday, the Washington Department of Fish and Wildlife said its crab managers met with other fishery managers from Oregon and California earlier in the day to determine the best option for an opening. However, the third round of testing showed crab from Long Beach, Wash., was only ...

Russia Boosts Global Frozen Fish Exports

According to the latest report of the Russian Association of Fishing Fleet Owners (AFFO), Russia currently accounts for more than 17.4% of global frozen fish exports, which is higher than the figure for 2023 (16.2%).

Over three-quarters of the current year, Russian frozen fish supplies amounted to more than 1 million tons. China (11.7%), the Netherlands (7.2%), Norway (7%), and the US (6.6%) are also prominent suppliers.

According to the AFFO, frozen fish remains the main product of Russian fish exports. Its supplies account for 50% of the value of fish exports...

Snow Crab Quota Drops 28% in Southern Gulf of St. Lawrence for 2025

The 2025 Total Allowable Catch (TAC) for snow crab in the southern Gulf of St. Lawrence dipped to 18,334 metric tons (t), per a Fisheries and Oceans Canada (DFO) notice.

The quota is lower than 2024’s 25,710mt TAC but the drop off from last year’s quota was less dramatic than projections indicated earlier this year.

The Canadian Broadcasting Corporation reported last month that the DFO recommended a 33% quota cut for the southern Gulf of St. Lawrence. Instead, the quota dipped by about 28% in 2025...

US Seafood Targeted in Canada’s Proposed Retaliatory Tariff List

Canada wasted no time hitting back at new U.S. tariffs, with Prime Minister Justin Trudeau announcing immediate 25% retaliatory duties on C$30 billion ($20.9 billion) worth of American imports after the levies took effect on March 4.

“Canada is being needlessly and unfairly targeted by these tariffs – and the US' decision leaves us with no choice but to respond to protect Canadian interests, workers and businesses. Working with provincial, territorial and industry partners, our singular focus is to remove these tariffs as quickly as possible...

DFO Says NL Snow Crab Fishery in Good Shape, But Cautious on Long-Term Outlook as Season Draws Near

Fisheries and Oceans Canada (DFO) showcased mostly good news for the Newfoundland and Labrador (NL) snow crab fishery in its latest stock assessment update. However, findings did indicate that the stock may see poor growth rates due to “unfavorable ecosystem conditions and low abundances of small snow crab observed in surveys.” 

The DFO indicated that stocks appear to sit at healthy levels, which may pave the way for a similar quota in 2025. Last year’s quota was...

Indonesia’s New Export Policy Poses Challenges for Seafood Industry 

Indonesian President Prabowo Subianto has enacted a new policy requiring exporters to retain their earnings for a full year in a special account at a national bank. 

Previously, Indonesia mandated that all resource exporters—including those in fisheries, mining, plantations, and forestry—keep at least 30% of export proceeds in the local financial system for a minimum of 90 days, provided the transaction exceeded $250,000. The latest policy significantly extends this holding period, potentially reshaping exporters' financial liquidity. 

This shift could create substantial challenges for Indonesia’s seafood industry...

A Major Paradigm Shift in King Crab and Shellfish Sector

As we enter the second month of 2025 we are witnessing a paradigm shift where king crab is taking over premium lobster tails as the "luxury" shellfish. Despite record-breaking prices, demand remains strong with consumers willing to support the continued price growth.

The record-high prices of 2024 have carried into 2025, with red and golden king crab reaching all-time highs. Total supply ----combining Alaska production and imports from Norway and Argentina ---declined again by over 7% from the prior year to just 7.7 million pounds...

Trump Slaps Tariffs on Canada, Mexico, and China: Seafood Industry Braces for Impact, Latest Updates

After weeks of nonstop speculation, the White House confirmed that President Donald Trump would be implementing tariffs on various US trading partners, including Canada, Mexico and China.

White House Press Secretary Karoline Leavitt told reports on January 31 that Trump will implement 25% tariffs on Canada and Mexico and a 10% duty on China starting on February 1.

NBC News reported that the details of how tariffs will be distributed remained unclear, but the plan will be available for public inspection on February 1. No comments were...

Tanner Crab Fishing Continues in Kodiak and Southern Alaska Peninsula

Tanner crab fishing continues in Kodiak but only in the federal waters of the Southeast District, which has a Guideline Harvest Limit (GHL) of 405,000 lbs. For the Eastside District, where the GHL was 155,000 lbs, it was another near-record short season—closing on Thursday, January 17, at 3 p.m., just over two days from when it opened at noon on January 15.

As of January 28, Kodiak’s federal waters of the Southeastern District (GHL: 405,000 lbs) will remain open 24 hours a day rather than the previous ...

Crabbers Keep Grinding on Dungeness Season as Weather Stays Mostly Clear

While stormy weather affected Dungeness crab quality and biotoxin testing in December on the U.S. West Coast, January’s seas have enabled more fishermen to get out on the water.

Oregon’s season south of Cape Falcon, which opened in mid-December, has wound down in some areas, especially those south of Newport, with a few fishermen reporting a significant drop in the number of crab per pot.

Meanwhile, crabbers north of Cape Falcon in Oregon and southern Washington have been fishing for less than two full weeks...

China's Russian Live Crab Imports Hit Record High in 2024, Up 17% to 35,000 MT

China's imports of live crab from Russia in 2024 set a new record for the fifth consecutive year. According to statistics from the General Administration of Customs of China, the quantity was 35,108 MT, up 17% or 5,000 MT, from the previous year. This trend is because live crabs are more expensive than frozen crabs, and Russian producers are focusing on exporting live crabs to China. A Japanese trading company said, "Not only land transport but also air transport has increased," Minato Shimbun reported...

Washington Crab Season Opens as State Releases the Third Season Review Edition

The weather is cooperating and crabbers in northern Oregon and Washington have begun setting their gear for the anticipated Jan. 15 Dungeness season opener.

While most of Oregon opened in December and some parts of California opened earlier this month, northern California and the Washington/Oregon area around the Columbia River were both set to open Wednesday.

Dungeness crab supports Washington’s most valuable commercial fishery, the Washington Department of Fish and Wildlife said. The value of state landings for the ...

Norway’s 2024 Seafood Exports Rank as Best Year Yet

According to a statement from the Norwegian Seafood Council (NSC), Norway experienced its highest ever seafood export value in 2024, with a total of 2.8 million tonnes of seafood products exported, amounting to NOK 175.4 billion (approximately $15.4 billion).

Upward trajectory for Norwegian seafood exports

This marks a 2% increase from 2023, when the Scandinavian country experienced a seafood export value of NOK 171.7 billion (approximately $15.08 billion). The NSC recorded seafood exports of more than 60 different species to over 150 countries worldwide...

Washington Hits the Magic Number to Open Dungeness Fishery

At long last, the Dungeness crab off Long Beach in Washington tested full enough to open the fishery north of Cape Falcon.

The Oregon Department of Fish and Wildlife announced Tuesday that Oregon's commercial Dungeness crab fishery will open Jan. 15 from Cape Falcon, on the northern Oregon Coast, to Klipsan Beach, Washington. A fourth round of preseason testing in Long Beach, Wash., shows crab quality at 24.3%, which is above the 23% necessary to open the season. In other words, it meets the optimal commercial harvest ...

Russian Crab Sector Expecting Headwinds in 2025

The Russian crab sector will face severe difficulties in 2025 due to the decline of global prices and lack of export markets.

According to recent statements by Herman Zverev, head of the All-Russian Association of Fish Producers, in an interview with Forbes Russia magazine, crab fishing in Russia is currently facing a decline in profitability as global crab prices seriously declined in 2024.

In addition, the export duty pressured the cost of Russian crab. The overall debts of Russian crab fishermen are estimated at 600 billion rubles ($5.7 billion)...

ASP Drops Complaint Against Quin-Sea Fisheries in Snow Crab Dispute

In the latest twist in the Canadian snow crab saga, the Association of Seafood Producers (ASP) has dropped its complaint against Quin-Sea Fisheries, one of its member companies.

In October, the ASP, which represents seafood processors in Newfoundland and Labrador, filed an application to the province’s Labour Relations Board claiming that Royal Greenland-owned Quin-Sea Fisheries refused to hand over sales receipts that the ASP argued were required to pass along under the third-party review of 2024 snow crab sales...