Inside Kodiak’s crab standoff

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Inside Kodiak’s crab standoff
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“The history of the tanner crab, it’s been very episodic,” said analyst John Sackton, as Kodiak crabbers and processors remain at an impasse. “Some years there’s a fishery, some years there isn’t.” (via Northern Journal)

that make it unlikely they’ll get much more than the $3.25 a pound that Kodiak-based plants have already offered — less than half than last year’s $8 a pound price.Unisea

Abena, in a phone interview, said he thinks processors are accepting lower prices from Japanese buyers than they could get if they invested in better marketing in the U.S. Fishermen, he added, are not expecting to earn as much money as last year, but they also think the crab is worth significantly more than processors are offering.

At a global level, according to Enlow, buyers had also been wary of crab from Russia last year, as the country launched its war in Ukraine. But now, buyers have gotten more comfortable with sourcing Russian seafood, he said, and there’s ample additional crab supply coming from Canada. Kodiak crab fishermen argue that the Gulf of Alaska tanner crab they catch should command premium prices, because it’s larger than snow crab, and has a better taste.

“In order to have a market, you have to have product. And you can’t get people to invest in sales and promotion and getting your highest possible value if one year you’re here, next year you’re not,” said Sackton. “The history of the tanner crab, it’s been very episodic. Some years there’s a fishery, some years there isn’t. So, it’s not possible for it to get traction.”

But the fishermen don’t sound like they’re close to budging. Another veteran crab fisherman, Luke Lester, said he doesn’t think the fleet will be stuck at the docks “forever,” but, he added, “every little bit matters.”

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