Snow Crab Prices Jump


FREDERICTON — Snow crab fishermen are expecting a good year following a 50-per-cent increase in price per pound, CBC News reports.

Jean Lanteigne, the head of the Canadian Federation of Professional Fishermen in New Brunswick, told the CBC the price hikes are occurring in part because of lower quotas imposed on crab last year by the federal Department of Fisheries and Oceans.

Prices are sitting at $3 (or $3.50) this year, up from $2 last year. And, in other good news, Japanese and American consumers are still purchasing Canadian crab.

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