News Summary April 29, 2025
ANALYSIS: Unsettled Start for 2025 Snow Crab Market as Supply and Sectoral Pressures Mount
In our top story today, Janice Schreiber analyzes the 2025 snow crab market, pointing out that while such early-season volatility is not unusual, this year’s market is exhibiting an especially wide range of offers and sales from seller to seller. Of note this year, and in the present market, is the current price spread between snow crab from Newfoundland and the Gulf. Several contributing factors help explain this divergence including a significant quota reduction in the Gulf and a current shortage in crabs of larger sizes...
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