The plants around Lake Maracaibo took a few days off the week before last to try and “stop the bleeding” and stabilize the market. They were not successful. As soon as they “turned the faucets” back on, fresh crab meat flooded Miami, and prices fell again. We are under $19 a pound on fresh jumbo lump for the first time in years. Hopefully this is a sign that more seafood commodities will return to their “normal” price ranges this year.
Prices are subject to fluctuation.