News Summary May 21, 2019
Today's Top Story: Newfoundland Crab Price Panel Lowers Price to $4.90 After Processors Appeal for Reconsideration
Last week the Newfoundland crab processors asked the Provincial fish price panel to reconsider its crab price decision. Under the Provincial legislation, each party can request a reconsideration once on a single species during the season. The price panel operates by choosing either the harvester or processor proposal. This year, the panel chose the harvester proposal initially, on the grounds that with low inventories and strong demand for crab, wholesale prices would likely be closer to last year’s price, which averaged out at $8.61 for the year, according to Urner Barry...
To Read Full Story Login Below.