Hodges: US Crab Sales are Strong with Limited Inventories
The year ended as it began, with strong retail support for snow crab. According to Urner Barry, April prices when the 2024 Canadian snow crab season began rose by 19% compared to the remarkable levels of 2023. Despite the higher prices, the trade perceived snow crab as being a strong value, leading to 78 million pounds being imported in the first three months of the season. Favorable import prices persisted throughout the summer and into fall.
Canada dominates the U.S. snow crab market, accounting for 91% of total snow crab imports through...
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