Wolrd: FAO predicts lower prices for opilio snow crab

Published 2023년 6월 21일

Tridge summary

The article reports on the increase in opilio snow crab quotas in Canada, Russia, and Norway for 2023, totaling 160,000 tonnes, the highest since 2012. Canada's processors are opposed to the increase due to a large stock of frozen products and falling prices. The snow crab market is expected to recover from pandemic and geopolitical disruptions, but prices are declining. Global crab imports decreased by 11.2% in 2022, with the US seeing a 23.8% decline. Russian crab exports have also seen a decrease, but there has been an increase in imports from China, the Republic of Korea, and Japan.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

fishing The 2023 quotas for opilio snow crab (Chionoecetes opilio) in Canada, Russia and Norway have been increased and the fishery in Alaska has been closed. The combined global quota was 160,000 tonnes, the highest since 2012. Fisheries and Oceans Canada (DFO) announced an 8.3% increase to 35,216 tonnes in southern Lawrence Bay and an 8.4% increase to 54,727 tonnes in Newfoundland and Labrador. Together with other areas, Canada's total quota will be 103,000 tons. However, Canadian processors are unhappy with this: they asked the authorities to refuse to increase the quota due to the large stock of frozen products in 2022 and a sharp drop in prices in the wholesale market. Russia has set a quota for 2023 of 47,825 tons (ed. - according to the order of the Ministry of Agriculture of Russia - 48,119 tons), and Norway increased the quota for snow crab by 15% to 7,790 tons. Market The snow crab market is expected to return to "normal" after disruptions caused by the pandemic and ...

Source: Fishretail