Pasteurized Crab Meat Update

Author: Erika Eckley

Date: July 26, 2018

The Blue Swimming Crabmeat prices are still high, but have a great amount of inventory. Recently, there has been a slight decrease in pricing from Indonesia, while the Philippines and India move up to be competitive with Indonesia. For the next 60-90 days, prices will stay level with a possible dip, however, Q4 is expected to pick back up. With the red swimming still high with limited supply, this also drives those prices up. Overall, prices will continue to come down a bit.

The Red Swimming Crab Meat was slapped with a 10% tariff on all seafood items that should be going into effect in August. The market is still uncertain between high prices and limited supply, the cost might go up. This coupled with the void already in the market on red swimming crab only strengthens this possibility. There is still expectations to start receiving shipments on red crab in October. The main crab harvest is during October thru December.

Superior Foods Company provides competitive prices with everyone in the market. If you see a lower cost, opening the can and comparing has its benefits. It is all about the meat in the can and the quality of the product.

With that being said, there is an issue with Venezuelan crab and Vibrio outbreak in several states. Check out the link below for more information regarding this outbreak:

https://wjla.com/news/local/maryland-department-of-health-warns-not-to-eat-fresh-crab-meat-from-venezuela

 

 

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