Hope for Crab Fishermen


ST. JOHN’S, N.L. — Newfoundland and Labrador crab fishermen need not worry about their catch’s high price this season, according to a CBC News report citing a U.S. seafood analyst who predicts market prices will drop.

At $1.35 per pound, crab fishermen have already protested the government-imposed price that many worry is too high. “If you look back at the last 10 or 12 years in the crab fishery, every year the price at the end of May is lower in the market than it is at the beginning of May or the end of April,” John Sackton, who publishes seafood.com from Massachusetts, told the CBC. “As you crank up the volume in the fishery and there’s a pressure to sell crab … the prices go down.”

The crab fishery just launched last week in Newfoundland and Labrador when, after a month, processors finally agreed to pay the fee set by the government’s price-setting panel.

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