The harsh economic realities of 2023 are coming to bear on the fresh crabmeat market. There is only so much market out there for fresh meat at certain price levels, and when volumes exceed that, shippers pay the price.
Maracaibo is producing a big weekly volume and then “picking & shipping” to Miami. The result is a market with way too much crab meat to consume. We are selling fresh jumbo lump for less than $20 a pound and lump for less than $12 for the first time in almost a year. We anticipate sub $20 a pound jumbo lump pricing through to the month of June this year.
Prices are subject to change.