ANALYSIS: Snow Crab Market Seeing Lackluster Demand

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ANALYSIS: Snow Crab Market Seeing Lackluster Demand

The snow crab market in the U.S. continues to be highly unsettled this week. Pricing has been barely steady to weak since the end of January and pricing for 2022 is now below 2021 levels for 5-8s out of both the Gulf and Newfoundland. 2022 remains above the 3-year average but is much closer than previous weeks. This market activity is happening amid a lackluster demand for snow crab.

Market participants report that the market currently is weak and lower offers continue to be collected...

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