Canadian snow crab contract prices rose 70 percent
2016-05-05
According Intrafish April 25 reported: Canada Newfoundland and Labrador Bay de Verde community Quinlan Brothers fish processing plant April 11 fire, resulting in the local season snow crab prices.
Quinlan Brothers fish processing plant is the largest supplier of snow crab, the company under contract with the Japanese company Maruha Nichiro buyers signed, snow crab FOB price of $ 5.15 per pound, the price to be signed before the beginning of the season, when the season is open, Canadian snow crab suppliers with Japan signed a contract price of $ 5.25 per pound. However, Quinlan Brothers fire further affect the supply of snow crab, causing prices continue to go up.
As a result, Canadian snow crab suppliers and Japanese buyers of the business in relation to the price of snow crab to renegotiate the price per pound increased to US $ 5.35 per pound, the price is higher than the beginning of the open season prices rose by 20 percent, contract price surge 70% last year.
In fact, a time when prices were higher foreign exchange yen, Canadian snow crab price increases did it have a direct impact. Snow crab season in short supply is the main focus, is expected to Alaska, Newfoundland and Labrador snow crab catches will reduce double-digit rate.
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