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Frozen stocks of American Jumbo Crabs decline, and demand for imported snow crabs continues to increase

 Last Update: 2021-10-19
 Source: Internet
 Author: User

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Prior to the peak sales period in the United States , the frozen inventory of jumbo crabs declined, and the demand for imported snow crabs in the United States continued to increase.
Prices continued to soar in September
.

Prior to the peak sales period in the United States, the frozen stock of jumbo crabs fell

After price negotiations with major processors delayed the harvest for several weeks, the season started late
.
According to PacFIN data, as of August 25, the fleet had fished 28.
15 million pounds, with an average price of 4.
96 US dollars (4.
29 euros) per pound
.

After determining the basic price of US$2.
75 (EUR 2.
38) per pound, crab fishing started in January this year
.
Although it will take several months for the final harvest and shipment value of the season to catch up, as the season ends on August 15, 2021 is a more positive season
.
Due to safety precautions related to COVID-19, the domestic sales network was closed, so the results of one year's fishing were frozen and kept in the cold storage
.
The March travel ban also discouraged buyers of live crabs
.
Live crabs are mainly shipped to China, and their ex-factory price is usually twice the price that American processors can provide
.

　　But according to Scott Adams, general manager of Hallmark Fisheries in Charleston, Oregon, this year, the cold storage assets have been sold and the buyers on the spot have returned
.
He said that the wholesale prices of various crabs have soared, which means that this year’s ex-ship offers are more than twice as high as in recent years
.

　　"It seems that everyone wants to eat high-end seafood again," Adams said
.
"Some fishermen earn as much as $10.
25 per pound
.
" Due to relatively small harvests and depletion of inventory reserves, retail prices have risen to $50.
00 (43.
29 euros) per pound, and the Dungeness between Thanksgiving and Super Bowl Sunday The peak consumption period may be higher
.

　　According to data from PacFIN, this year's harvest is significantly lower than the 46.
59 million pounds in 2020
.
Based on an average ex-factory price of US$3.
80 (€3.
29), the 2020 West Coast harvest has increased by US$178.
6 million (€154.
1 million) in revenue)
.
The average ex-factory price this year is US$4.
97 (4.
30 Euros) per pound, and West Coast revenue reached US$135.
1 million (117 million Euros)
.

　　Demand for imported snow crabs in the United States continues to increase, and prices continue to soar in September

　　Since April this year, the US appetite for snow crab and king crab and their prices have never stopped increasing
.
As the year-end festival approaches, inventory declines, and it becomes more obvious that the market is in short supply
.

　　On Tuesday, Urner Barry reported that the price of 5-8 ounces of crabs in Russia was 16.
50-16.
70 US dollars per pound, a 40-45% increase from the 11.
50-11.
75 US dollars per pound paid in April
.
The price of crabs of 8 ounces and above in Russia is US$18.
35-18.
60, an increase of 19-24% from the US$15.
00-15.
45/lb paid in April
.
In addition, one pound of frozen red king crabs (West Coast legs and claws), ranging in size from 12-14, has an average selling price of US$44.
75-45.
75 per pound, which, according to UB, is 50-58% higher than that of US$29.
00-29.
75 in April
.

　　An important reason for the high prices is the lack of supply
.
Atlantic Canada, Alaska, and Norway have all completed their 2021 snow crab season, while Russia has exhausted its 14,575-ton quota in the Barents Sea.
Crab consultant Leschocis said this week that only the Russian Far East fishery has not yet landed.
10% of the 14,575 tons of quota
.

　　The Alaska snow crab fishery will soon open for a new season, but fishing usually does not start until January, and it is expected that this year's quota will be significantly reduced
.
The Alaska Fish and Game Bureau announced in early September that it would close the Bering Sea red king crab fishery for the first time in 25 years (1994-1995)
.
After the news, the Russian Ministry of Agriculture has reduced its allowable catch of Far East Red King Crabs to 15,280 metric tons, a decrease of 1,031 tons by nearly 7% from the previous season
.

　　When reviewing the latest seafood trade data provided by the US National Oceanic and Atmospheric Administration (NOAA), it can be seen that in terms of snow crab imports, the United States imported 53,935 tons worth US$1.
5 billion in the first eight months of 2021.
Compared to the first eight months, imports have increased by 10% and their value has increased by 81%
.

　　Canada is the largest source of snow crabs in the United States in the first eight months of 2021, accounting for 37,973 tons and valued at US$1.
1 billion.
Compared with the first eight months of 2020, the number has increased by 9% and the value has increased by 87%
.
Russia ranks second, accounting for 11,884 tons in the last eight months of measurement, valued at 294.
1 million US dollars, a decrease of 1% in quantity, but a 51% increase in value compared to the same period last year
.

　　Does the accelerated import of snow crabs in the United States in the first eight months mean that imports will decrease in the future? It is hard to say, but the United States did slow down in August, importing 5,408 tons of snow crabs worth US$165.
6 million.
The quantity was 10% lower than in August 2020, but the value increased by 52%
.
The average overall price paid in August 2021 was US$30.
62 per kilogram, which was 69% higher than the US$18.
15 per kilogram paid in August 2020
.
Russia took the top spot in August 2021, shipping 2,507 tons of snow crabs to the United States, valued at US$76.
2 million
.
Compared with August 2020, the quantity has decreased by 24% and the value has increased by 32%
.

U.
S.
frozen import prices

　　Prior to the peak sales period in the United States, the frozen stock of jumbo crabs fell

　　Demand for imported snow crabs in the United States continues to increase, and prices continue to soar in September

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