A Major Paradigm Shift in King Crab and Shellfish Sector
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As we enter the second month of 2025 we are witnessing a paradigm shift where king crab is taking over premium lobster tails as the "luxury" shellfish. Despite record-breaking prices, demand remains strong with consumers willing to support the continued price growth.
The record-high prices of 2024 have carried into 2025, with red and golden king crab reaching all-time highs. Total supply ----combining Alaska production and imports from Norway and Argentina ---declined again by over 7% from the prior year to just 7.7 million pounds...
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