It’s like a giant game of chicken, and no one has blinked yet – not the fishermen or the buyers. The fishermen say the price offered by the buyers is too low, and the buyers say that’s okay; if you don’t want to fish for that price, then don’t go. Freezers across the country have plenty of snow crab clusters left over from last year, so they are in no rush to add more to that backlog. Everyone is losing money on every pound of snow crab cluster sold today. The question is, how much money are you willing to lose per pound in order to liquidate your inventory? It’s going to be an ugly summer for snow crab. However, our customers are going to be the beneficiaries of this new pricing regime. At $7.95 for 8-up premium snow clusters, it’s an extreme value by any metric. Please sell it!
5/1/23
