China overtakes Indonesia as largest US crabmeat supplier, as prices reach record highs on shortage
Ongoing supply shortages of crab meat shipments to the US market have sent prices soaring as importers have struggled with higher replacement costs.
A look at Urner Barry quotations for most Pasteurized & Fresh Crab Meat items from top suppliers Indonesia and China are at new all-time record levels.
Importers said the tighter crabmeat supplies have been putting pressure on replacement costs for months and those costs have trickled down to the wholesale market, triggering the record high prices seen in March.
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