Lack of Alternatives is Pushing Retailers to Stick with Snow Crab Despite High Prices
Snow crab prices for 5-8 Newfoundland, Gulf and Russian Snow Crab have been trading in the $8.50 to $8.60 range in January and February 2019, about 7 or 8% below their season highs last June and July.
However, two things stand out about the current snow crab market. First, there has been a pickup in interest in 5-8 ounce sections in the last few weeks, after some signs that an inventory overhang might last until spring...
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