Lowest price for snow crab from Russia… Around 30,000 won per kg

Published 2024년 5월 13일

Tridge summary

The price of Russian snow crab has significantly dropped to around 30,000 won per kg, as reported by the Mermaid Bridge Pirates, an expert seafood platform. This decline is attributed to Russia's full-scale fishing operation, which has led to a surge in supply amidst the usual supply shortage during the winter fishing season in high-latitude areas like Sakhalin, Magadan, and the Tatar Strait. The current price drop follows a trend where snow crab prices are at their lowest from May to July, only to rise due to increased demand in the fall and winter. The Mermaid Bridge Pirates suggest that further price drops are unlikely, as Russian fishing boats may cease operations if the selling price falls below a certain point.

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

Original content

The price of Russian snow crab has fallen to around 30,000 won per kg. According to the Mermaid Bridge Pirates, a platform specializing in seafood, the price of Russian snow crab (Grade A/medium), which had an average price of 84,840 won in the nationwide fish market in early January, has continued to drop, falling to the 30,000 won range. This is the effect of the full-scale fishing operation in Russia. In high-latitude areas where snow crabs are mainly caught, such as Sakhalin, Magadan, and the Tatar Strait, snow crab fishing is limited as the sea freezes from mid-October to May at the latest, so supply during this period is very short. However, this year, as fishing operations resumed in earnest in April, snow crabs were released in large quantities to Korea at low prices. According to market data provided by the Mermaid Pagoda Pirates, over the past three years, snow crab prices have been the cheapest between May and July each ...

Source: Fisheco