Shut Down Woes: Already Soft Crabmeat Market Hit Hard as Mid-Atlantic Demand Dries Up
The Mid-Atlantic and South Atlantic regions take about 57% of foodservice crab sales, according to NPD SupplyTrack data given at the recent NFI Global Seafood Market Conference.
Within this area, the mid-Atlantic favors crabmeat while the south Atlantic favors inshell crab like snow crab.
So Foodservice operators from Pennsylvania to North Carolina are the backbone of the crabmeat industry, representing between 40% and 50% of the volume.
Already the crabmeat market has been correcting from high prices. The latest Urner Barry quotations show a weakening trend on blue swimming crab meat since last fall, and recently red swimming crab meat has begun to weaken as well...
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