US Crab Prices Soar Amid Diminished Supply
The 2024 Canadian snow crab season began with prices in April up 19% compared to the already remarkable levels of 2023, according to Urner Barry by Expana. Despite the increase, these prices remained manageable for retail and food service sectors, holding steady throughout the summer and into September. However, as inventories dwindled, prices surged further, with Canadian snow crab now up over 40% compared to the same time period last year.
More than 90% of U.S. imports of Canadian snow crab occurred early in the season when prices were lower, which benefited retailers and...
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