The import volume and price of swimming crabs in the United States have both increased, supply may become tight in the second half of the year

Indonesia is the largest supplier of swimming crabs to the United States, accounting for 48% of the total imports from the United States in the first five months; the Philippines ranks third, with sales of 1,242 tons in the first five months, a year-on-year increase of 100%; Venezuela ranks second, with sales of 1,242 tons, a year-on-year increase of 5%. JJ McDonnell, an importer in Maryland, reported that the limited production of swimming crabs in Venezuela recently has led to a sharp increase in prices. According to UB data on July 23, the wholesale price of fresh blue crab meat in Venezuela rose to $26.00-$26.75/lb, a year-on-year increase of 65-70%. Starting from August 15, Venezuela will implement a 90-day fishing ban, which may lead to a continued decline in US inventories and continued price increases. The supply of swimming crabs in the US market will be tight in the second half of the year. Indonesia's supply increased significantly in the first half of the year, and may ...