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As the service industry shrinks, hotels, restaurants, bars and other food service industries laid off 41,500 jobs in August
.
Generally speaking, autumn is a good time to replenish king crab and snow crab stocks in the global market.
Unfortunately, the situation of king crab and snow crab is different this year
.
Unfortunately, the situation of king crab and snow crab is different this year
.
The global snow crab production area has approached and/or completed the 2021 quota
.
Now it has entered the typical cyclical downturn of snow crab imports one month earlier than before
.
In view of the current demand for snow crabs in the US market, it is expected that snow crabs will have tight inventory in the future
.
.
Now it has entered the typical cyclical downturn of snow crab imports one month earlier than before
.
In view of the current demand for snow crabs in the US market, it is expected that snow crabs will have tight inventory in the future
.
The Alaska Fisheries Commission (ADFG) announced that the Bering Sea Red King Crab fishing season in 2021/2022 will be closed for the first time in 25 years (1994-1995)
.
.
Scientists have predicted that the population of red king crabs in western Kamchatka will decrease, and the Russian Ministry of Agriculture in the Far East has reduced the permitted fishing volume of red king crabs that have just been opened by 1031 tons, which is equivalent to a reduction of 6.
7% of the quota
.
The quota for the Barents Sea Red King Crab has not been reduced and has continued in accordance with the authorization
.
7% of the quota
.
The quota for the Barents Sea Red King Crab has not been reduced and has continued in accordance with the authorization
.
Russia:
The Russian red king crab season has begun in 2021.
Red king crab is a high-value category.
It is not only favored by the Asian live crab market, but is also the main raw material for processing in the United States, Japan and other markets
.
On August 25, Russia cut the red king crab quota in the Far East by 6.
7% to 15,280 tons, and the Barents Sea quota was maintained at 11,815 tons determined in 2021
.
Red king crab is a high-value category.
It is not only favored by the Asian live crab market, but is also the main raw material for processing in the United States, Japan and other markets
.
On August 25, Russia cut the red king crab quota in the Far East by 6.
7% to 15,280 tons, and the Barents Sea quota was maintained at 11,815 tons determined in 2021
.
The demand for live crabs in China and South Korea is very strong
.
The delivery speed of live blind spider snow crabs continued to be good in August.
The report showed that 200 tons were delivered in the week of August 23 and 145 tons were delivered in the week of August 29
.
After September, most processors switched their raw materials to red king crabs
.
.
The delivery speed of live blind spider snow crabs continued to be good in August.
The report showed that 200 tons were delivered in the week of August 23 and 145 tons were delivered in the week of August 29
.
After September, most processors switched their raw materials to red king crabs
.
The fishing report on August 29 showed that during the fishing of snow crabs in northern Okhotsk, the number of fishing boats decreased, and 25 ships were fishing for snow crabs
.
.
An inspection report of snow crabs in a fishing ground in northern Okhotsk showed that snow crabs have bright shells, large bodies and good meat quality.
The only drawback is that there are some sea lice under the shells
.
The only drawback is that there are some sea lice under the shells
.
Norway:
The exports of Norwegian king crab and snow crab in the first 7 months have maintained record levels
.
Norway exported 280 tons of king crabs in July, an increase of 38% year-on-year, and exports increased by 81%
.
South Korea and Hong Kong, China are the largest export markets for live king crabs, and the United States is the main export market for cooked king crabs and snow crabs
.
.
Norway exported 280 tons of king crabs in July, an increase of 38% year-on-year, and exports increased by 81%
.
South Korea and Hong Kong, China are the largest export markets for live king crabs, and the United States is the main export market for cooked king crabs and snow crabs
.
In July, the export volume of king crabs to the United States was 1.
3 million pounds, and the cumulative export volume in the first 7 months was 5.
4 million pounds.
The strong market demand prompted a 252% year-on-year increase in the king crab fishing quota in 2021
.
The largest export markets for snow crabs in July are the United States, Denmark and the Netherlands
.
As of July, Norwegian ships have caught and exported most of the crab quota for 2021, so it is expected that the export volume for the remainder of 2021 will decrease
.
3 million pounds, and the cumulative export volume in the first 7 months was 5.
4 million pounds.
The strong market demand prompted a 252% year-on-year increase in the king crab fishing quota in 2021
.
The largest export markets for snow crabs in July are the United States, Denmark and the Netherlands
.
As of July, Norwegian ships have caught and exported most of the crab quota for 2021, so it is expected that the export volume for the remainder of 2021 will decrease
.
Alaska:
The Alaska Fisheries Commission (ADFG) issued an announcement on September 3 that because the stock of red king crabs is below the regulatory threshold, the Bristol Bay red king crab fishing season will be closed in 2021/2022
.
The fishing quota for 2021/2022 was 2.
648 million pounds
.
.
The fishing quota for 2021/2022 was 2.
648 million pounds
.
Canada:
The Canadian snow crab fishing season started one month earlier than expected to avoid harm to right whales
.
The market price is 50% higher than in 2020 and has continued to rise in the past 4 months
.
.
The market price is 50% higher than in 2020 and has continued to rise in the past 4 months
.
Compared with January 1, 2021, the market price of 5-8 ounces of heavy snow crabs has increased by 68%, and the price of larger sizes has increased by 40%
.
Prices stabilized in July and August, and there is currently some lower supply, especially for smaller crabs
.
.
Prices stabilized in July and August, and there is currently some lower supply, especially for smaller crabs
.
Japan:
In July, Japan imported 2,750 pounds of snow crabs, a year-on-year increase of 32%
.
Total imports in 2020 are 7,321 pounds
.
The number of snow crabs imported from Russia in July was 1,128 pounds, and the cumulative import volume in the first seven months was 3,025 pounds
.
Imports from the United States and Canada were 1,814 pounds and 1,922 pounds, respectively
.
The average import price in July was 2,873 pounds per kilogram, an increase of 21%
.
.
Total imports in 2020 are 7,321 pounds
.
The number of snow crabs imported from Russia in July was 1,128 pounds, and the cumulative import volume in the first seven months was 3,025 pounds
.
Imports from the United States and Canada were 1,814 pounds and 1,922 pounds, respectively
.
The average import price in July was 2,873 pounds per kilogram, an increase of 21%
.
The import volume of frozen king crabs in 2021 is 962 tons, which is 20% lower than the 1,209 tons in 2020
.
The Red King Crab season in the Russian Far East has already begun and will supply the Japanese market for the rest of 2021
.
Usually Alaskan red king crab is favored by Japanese consumers during holidays, which should promote the increase in demand for Russian products
.
.
The Red King Crab season in the Russian Far East has already begun and will supply the Japanese market for the rest of 2021
.
Usually Alaskan red king crab is favored by Japanese consumers during holidays, which should promote the increase in demand for Russian products
.
South Korea:
In the first 7 months of this year, South Korea imported 4,520 tons of Russian and Norwegian live snow crabs, 2251 tons of Russian and Norwegian king crabs.
The price of Russian king crabs was US$45.
82 per kg, the price of Norway was US$47.
95, and the price of snow crabs was US$28.
39 per kg
.
The price of Russian king crabs was US$45.
82 per kg, the price of Norway was US$47.
95, and the price of snow crabs was US$28.
39 per kg
.
The import volume and price of live king crabs and snow crabs in summer are both low.
In July, the import volume of king crabs was only 164 tons
.
The price in Russia rose to US$48.
25 per kilogram, and the price in Norway rose to US$57.
49 per kilogram
.
Russia's live snow crab shipments in July also declined, only 519 tons, and the average price rose to 30.
26 US dollars per kilogram
.
In July, the import volume of king crabs was only 164 tons
.
The price in Russia rose to US$48.
25 per kilogram, and the price in Norway rose to US$57.
49 per kilogram
.
Russia's live snow crab shipments in July also declined, only 519 tons, and the average price rose to 30.
26 US dollars per kilogram
.
