Crustacean Update!

Author: Erika Eckley

Date: October 3, 2018

STOCKED CRUSTACEANS!

Shrimp

Harvest of the Sea branded shrimp will see a price decrease as inventory turns over in October.

Lobster Tails

Lobster Tails are going to be difficult to source for a good price as we approach the holidays.  Don’t be surprised if some sizes increase up to $.50 lb.

Red King Crab Legs

Whole Crab Legs – Supply is very tight.  Smaller sizes have been nearly impossible to get since June, thus causing everybody to switch to larger sizes.  Now larger sizes are tightening up.

Holiday prices are going to be expensive!!

Alaska Fish & Game just announced their Quota for the upcoming season and it is about half of 2016.

2016 – 8.469 million lbs

2017 – 6.601 million lbs

2018 – 4.308 million lbs

Split Crab – With supply being tight, most processors don’t want to touch split legs, as all the money is in whole legs.  Be cautious going forward with these.

Scallops

Scallops are seeing a slight uptick in pricing.  Shouldn’t see too much of an increase as holidays approach.

Snow Crab

Our demand for Snow Crab is minuscule, we’re keeping inventory low so our price should stay consistent with the market.

Cod Loin

Since last fall we’ve known that the Cod market is going to be rocky going forward.  Our Cod Loins have seen an increase of about $.60 lb over the last 6 months.  Which is not even at the ceiling yet, and you could see them go up another $.50 lb.

Frog Legs

Keeping inventory low on these as demand is not near where it used to be.  We’re going to continue to see high prices, especially with the tariff.

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