Is the Snow Crab Market a Bellwether or a Blip?
In the U.S., snow crab outperformed every other seafood product during the pandemic.
Yet today, the snow crab market is crashing at the fastest pace since the spring of 1995. That year, between May 1995 and May 1996, the price fell 46 per cent.
This year, Urner Barry quotations from last summer until this May are down 33 per cent and the bottom has not been set. This is already the largest percentage decline in price since 1995. Since February, the market has been going down around 50 ...
Has Politics Overshadowed Autonomy?
Scottish academic and philosopher Gordon Graham once said, “decision is a sharp knife that cuts clean and straight; indecision, a dull one that hacks and tears and leaves ragged edges behind it.”
Right now, it is a little too early to analyze the outcome of the recent decision to award more snow crab processing licences in Newfoundland and Labrador, but there appears to be quite a bit of collateral damage surrounding this controversial call.
On May 24, N.L. Fisheries Minister Derrick ...
Could 2022 Crab Season be Another Record Breaker?
Financially, the 2021 snow crab season was by far the best ever for the majority of harvesters in Newfoundland and Labrador.
And, if early indications prove correct and of course the stars align, this upcoming crab season could possibly be even better.
With speculation abounding of fishermen possibly getting close to $10/pound for snow crab, the Department of Fisheries and Oceans’ (DFO) Science Department confirmed recently what many already suspected — for the most part, the stocks ...
Positive Indications for Southern Gulf Snow Crab Fishery
An expected increase in the 2022 total allowable catch (TAC) and strong signs of stock recruitment are good news for the Southern Gulf snow crab fishery.
It is anticipated the fishery will open in April “as soon as it is safe to do so,” said Steve Hachey, communications advisor for Fisheries and Oceans Canada (DFO).
“It varies every year, depending on ice conditions, wind conditions, weather forecast, etc...”
Last year, the season opened in early April, compared to late April ...
Boom Times in the Eastern Gulf Snow Crab Fishery
Snow crab fishermen in Atlantic Canada are receiving record prices for their catches this spring.
“It certainly has reached a level we have never seen before,” said Osborne Burke, general manager at Victoria Cooperative Fisheries in Cape Breton.
“If someone said to me in March the price was going to be $4.50, $5/pound, I would have said yes. If someone said it was going to be $8/pound, I would have said they were crazy.”
For Cape Breton fishermen, the snow crab fishery opened ...
N.L. Harvesters Seeing Record High Crab Prices
The news for Newfoundland and Labrador snow crab fishermen keeps getting better at every turn.
After a dismal, COVID-19 impacted 2020 season, N.L. harvesters must be looking skyward, thinking some higher power must be looking down favourable upon them.
The latest bit of good news came on April 25 from the province’s Standing Fish Price-Setting Panel.
In late March, the Panel had sided with the FFAW’s proposed price of $5.73/pound over the Association of Seafood Producers’ (ASP) ...
2021 N.L. Snow Crab Season Begins on a High Note
After a somewhat dismal, COVID-19 impacted 2020 snow crab season, Newfoundland and Labrador harvesters have several reasons to feel good about their prospects in 2021.
The first bit of good news for N.L. crab fishermen came on March 29 when the Department of Fisheries and Oceans (DFO) released the management plan for the 2021 snow crab fishery, which included a significant increase of 29 per cent in overall quotas.
The second positive news of note came on March 31 when the N.L. Standing ...
Latest N.L. Snow Crab Assessment Showing Positive Signs
Some industry observers often refer to fishermen as eternal optimists.
While others might debate that label, there was certainly quite a bit of optimism being expressed over the winter by Newfoundland snow crab fishermen regarding the upcoming 2021 season, particularly in NAFO fishing areas 3L and 3Ps. And for now, it appears that optimism might have been justified.
For the fourth year in a row, scientists at the Department of Fisheries and Oceans (DFO) presented a somewhat bright, yet ...
Alaska Snow Crab Quota up 11 Million Pounds, But Won’t Change Dynamic of Oversold Market
The Alaska Dept. of Fish and Game (ADF&G) recently announced the 2020/2021 crab quotas.
Mostly, the results confirmed industry expectations, although snow crab increases were lower than hoped.
For red king crab, the precarious nature of the stock has led to a cut of 1.15-million pounds, which is 30 per cent below the 3.8-million-pound quota set in 2019.
The stock has been on a long-term decline and earlier management strategies would have completely closed the fishery.
These days, nearly all commercial food products are grown, harvested, cut and packaged in accordance with specifications.
Governments specify the minimum requirements that must be met to ensure consumer health and safety. Food retailers, restaurant operators and other food service organizations specify additional requirements to ensure their products will be attractive to consumers, meet targeted price points and fit into their production and distribution systems. Both sets of specifications ...