BLUE SWIMMING CRAB MEAT

The Blue Swimming crab meat market has finally stopped softening overseas. Indonesian raw material costs went up last week for the 2nd week in a row. The increase in US demand is likely caused by reduced Venezuelan fresh crab imports and a reduction in overall US stock. Also, since we are heading into the historical time of year when production slows, look for strengthening in Q4 as this happens.

RED SWIMMING CRAB MEAT

The demand on Chinese and Vietnamese crab meat has been soft. There has been an abundance of inventory with a reducing gap in price with blue swimming crab. China, the bigger supplier to the US of this specie, just opened their new season a few weeks ago.  The US has been pushing for lower prices and this process should be finalized soon.

If you would like more information on market conditions for other categories like Soft Shell Crabs or Whole Cleaned Blue Swimming Crabs or Fish, please contact your Sales Specialist for more information or email us now?