FFAW Shocked & Frustrated by Snow Crab Price Decision

Two snow crabs with the larger male perched on top of the female, Bonne Bay, By Derek Keats Snow crab, Chionoecetes opilio, in Bonne Bay, Newfoundland, Canada. The larger individual is a male, the smaller one a female. It is not uncommon for the male to cut the legs off the female, and then carry her around., CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=45086897

The Standing Fish Price Setting Panel released its decision on the minimum price for snow crab today.

The price has been set at $2.90 per pound, rejecting the $3.50 price position submitted by the FFAW.

In a statement the FFAW said it is shocked and deeply frustrated by this price decision.

The Association of Seafood Producers is based on the price in the Maritimes, where processors have committed to paying a rebate at the end of the season based on market performance.