ANALYSIS: Blue Swimming Crab Meat Firms for First Time in Over a Year
After 13 months of just about continuous downward price movement, the blue swimming crab meat market has started to adjust higher on colossal and jumbo lump grade crab meat.
Previously sitting at 52-week lows for the past several weeks, higher raw material costs in producing countries in Asia, most notably Indonesia, have started to place upward pricing pressure on the blue swimming crab meat market. A combination of lower imports, higher raw material costs, slower catches in Asia, and smaller crabs...
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