Article Category: All About Crab

Turmoil in Crab Markets as Supply Drops, Along with Retail Customer Interest

Turmoil in Crab Markets as Supply Drops, Along with Retail Customer Interest

Dungeness crab prices rose with increased market demand while domestic snow crab sales brought the lowest prices in five years this past summer, in a struggling commercial shellfish industry plagued by climate change, a global pandemic, supply chain issues and international politics. Prices for a diminished supply of wild Alaska snow crab meat were all over the board, from $74.95 a pound at Pike Place Fish Market in Seattle to $33.95 a pound at 10th &M Seafoods in Anchorage, while the seafood counter at New Sagaya in Anchorage offered Russian snow crab meat for $25.99 a pound. West Coast whole Dungeness crab was in the spotlight at Pike Place Fish Market, with intermittent sales dropping the price for two pounds of legs and claws from $69.98 to $52.49 and other retailers, like Cost...
Crab Prices Soar in  Restaurants and at Markets

Crab Prices Soar in Restaurants and at Markets

Menus at top seafood restaurants these days from Anchorage to San Diego boast gourmet entrees from sockeye and king salmon to Pacific halibut and cod, plus Dungeness crab and a variety of crab cake starters. But those looking for an entrée of Bering Sea red king crab legs will find their listings on some of the West Coast’s finest restaurants few and far between, because of soaring prices. It’s the highest price in the marketplace for king crab “and I expect this year’s (price) to beat last year’s,” said Jake Jacobs, executive director of the Inter-Cooperative Exchange in Seattle. “Prices have been climbing. It has been a really strange market with (the) COVID (pandemic) going on and it’s hard to tell what’s going to happen,” he said. “Based on what the fishermen said I am optimistic....