Fish harvesters up in arms over the latest snow crab pricing

    Wednesday, 3 April 2024 07:00

    By Tonya Organ

    FFAW President Greg Pretty says “in the end, the Panel chose to throw out that work and those well-researched recommendations for a formula that is tied to nothing except more money for the processors.”

    A decision by the Standing Fish Price Setting Panel for the 2024 snow crab season, has harvesters up in arms again. The panel sided with the Association of Seafood Producers formula. ASP caps harvester share at 37% once the market reaches $8.02CAD. The Fish Food and Allied Workers’ offer was based on the Blackwood report which would have seen harvesters capture a fair market value based on historic shares. FFAW President Greg Pretty says “in the end, the Panel chose to throw out that work and those well-researched recommendations for a formula that is tied to nothing except more money for the processors.” Pretty concluded the news release by saying it’s a much different situation than last year. He says “snow crab inventories are down, and market prices are rebounding,” and that “harvesters are no longer in the mood to be told when they’ll fish, how much they’ll fish for, or who they can sell to” 

     

     

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