ANALYSIS: Assessing the Snow Crab Market Following Alaska Quota Reduction
With the announcement out of Alaska last week that the Bering Sea Snow crab quota will drop 88 percent to 5.6 million pounds, market participants continued to see an increased buzz around crab products. The Canadian snow crab market trended slightly higher on both 5-8s and 10-ups on Thursday out of both Newfoundland and the Gulf. Most participants reported they were closely holding current inventories and putting some customers on allocation.
Prior to the scientific findings in Alaska where recruitment of snow crab was found to be very...
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