Snow crab prices are way up, but so is inventory. And the boats are set to hit the water.
“I’ve fished crab for as low as 90 cents a pound,” he told SaltWire. “We saw $2.50 a pound one year and we thought that was huge.”
If crab from the 2022 season isn’t sold by the end of March “that’s going to impact us significantly,” said Jones.Ethan Butler, a crewman of the fishing vessel Bottom Dollar, unloads a catch of crab at the wharf on Southside Road in St. John’s during the 2022 crab fishing season in N.L. Keith Gosse/The Telegram - Keith GossePaul Grant, chairman of the board of the Association of Seafood Producers , told SaltWire negotiations on snow crab prices are set to begin the week of March 20.
Grant said two “exploratory meetings” were held this month but, “It’s a very complex issue and not something that can be done quickly. More processors are in the queue this year, however, thanks to a decision of the province’s Fish Processing licensing board in 2022 to“Dividing up the pie even more is not the answer,” he said, adding more processing capacity could mean less work at other plants.
If the tone of those words is any indication, there could be some hard bargaining before the crab season starts this year.Derrick Bragg, Minister of Fisheries, Forestry and Agriculture for Newfoundland and Labrador - Barb Dean-Simmons“There’s so much that gives me anxiety,” he said in a recent interview, “market conditions, price of fuel, you name it.”Last yearBragg said he won’t be surprised if he winds up facing another angry crowd this year.
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