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Alaska's cancellation of the fishing season has been hyped, and the Canadian snow crab market has suddenly risen in popularity

 Last Update: 2022-10-25
 Source: Internet
 Author: User

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Recently, the news of Alaska's cancellation of the 2022-23 crab season has fermented in Western media circles, and a number of well-known news agencies such as CNN, The Guardian, Washington Post, and Barron's have dramatically linked these stories to global climate change, rising sea temperatures and other factors, but American wholesalers have been keenly aware that customers around them continue to inquire about the price of
Canadian snow crabs.

According to the policy, the 2022-23 Alaskan snow crab (Chionocetes opilio), red king crab and blue king crab fishing season are all cancelled, and only the Bering Sea red-eyed snow crab (Chionoecetes bairdi) fishing season is reserved, with a quota of only 2 million pounds (907 tons).

In fact, Alaska's crab catch quota has been decreasing year by year, from 20,412 tonnes in the 2020-21 season to 28% to 2,530 tonnes
in the 2021-22 season.

A U.
S.
SEAFOOD WHOLESALER TOLD UCN: "The snow crab market has suddenly risen in heat, there are a lot of orders, and retailers are scrambling because they feel that the supply will be tight
.
" ”

Typically, U.
S.
buyers import Russian snow crabs in the second half of the year and Alaskan snow crabs
in January.
"However, next year both supply options will face problems
.
What do big North American merchants, like Pacific Seafood Group, Peter Pan and Ocean Beauty, as well as some Japanese importers, do? If you want to ensure their supply? There is only one answer, and that is Canada
.
He said
.

In 2021, the United States imported 64,237 tons of snow crabs, of which 18,823 tons came from Russia, and this year this volume plummeted to 2,498 tons
.
In addition, the Canadian snow crab quota this summer is 96,403 tons, an increase of 54%
from 2021 (62,447 tons).
As of August, the United States imported 33,716 tons of Canadian snow crab.

Crab trade veteran Les Hodges told UCN that he's also heard about the recent sudden popularity of
Canadian snow crabs in the market.
According to the Canadian Marine Fisheries Service (DFO), cumulative production of crab fishing areas 12 and 19 (CFAs 12, 19) in the southern Gulf of St.
Lawrence is 30,596 tons, in northern and northeastern Nova Scotia (CFAs 20-24) is 8,293 tons, and in Newfoundland and Labrador (2JH, 3KLNO, 3Ps and 4R/3Pn) is 50,016 tons, with a quota completion of nearly 100%.

According to U.
S.
food price portal Urner Barry (UB), the retail price of Canadian snow crabs did not see a significant increase on October 18, with the 5-8 ounce Newfoundland and Labrador snow crab index of $7.
85-$8.
10/lb, unchanged from October 11, but up 10% from September 8 ($7.
15-$7.
40/lb) and down 57%
from January 11 ($16.
80-$17.
05/lb).

UB concluded: "The Canadian snow crab market was unchanged this week, with some of the collected deals slightly higher than quotes
.
But in light of the Alaska season shutdown, some market participants reported upward pressure
on prices.
”

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