STORY CONTINUES BELOW THESE SALTWIRE VIDEOSIf processors in Newfoundland and Labrador hope to sell as much snow crab in 2022 as they did in 2021, they’re going to have to find orders for $100 million worth by New Year’s Eve.
“It is now projected, based on the trend-line, that total U.S. imports in 2022 will decline 40 million pounds from the record 140 million pounds of 2021,” said Hodges. By mid-May, as it become evident that the markets were collapsing, prices began to drop. In Newfoundland and Labrador, where fish prices are set by a pricing panel, theThe big picture on lost revenues and volumes on the processing side can be seen in the province-by-province export data.
Statistics Canada data shows significantly higher volumes of snow crab exports to some Asian countries.
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