Les Hodges: 2-Year Anniversary Of The Russian Crab Embargo
This month marks the second anniversary of the embargo on Russian crab that was implemented on June 22, 2022 due to the Russian invasion of Ukraine. Across the world, an additional 70 million pounds of crab per year were redistributed to various sectors, changing markets. Most of the inventory imported to the U.S. prior to June 22 ban is now depleted. Russian king crab inventories are nearly exhausted and the remaining stock is aging. The only remaining sources for new production king crab are...
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