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Decision on Snow Crab Price

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Decision on Snow Crab Price
April 1, 2022

The Standing Fish Price Setting Panel released its decision on the price of snow crab moments ago and it selected the position of ASP. The initial price this season will be $7.60.

The FFAW position was greatly undermined by ASP’s challenge of Earle McCurdy, which pushed the hearing back by nearly a week. When FFAW submitted its price position on Thursday, March 24th, the Urner Barry market for NL 5-8s snow crab was $15.25. Since that time, the market has dropped by $1.50 USD and is currently at $13.75.

We have been in contact with Urner Barry to get a better understanding of what is happening in the market and they have advised us that the price is continuing to fall. Please keep in mind, that ASP based its price position in the $12 USD-range. If the market firms up at a higher price, we will be seeking an immediate reconsideration to bring the price in line with the actual market.

We understand that this is a difficult decision to accept. We will be meeting with the Inshore Council and the negotiating committee this evening to decide upon next steps.

Thank you to everyone who participated in negotiations and who came out to protest this week. This is not the end. We need outside buyers.

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Dr. Erin Carruthers

Dr. Erin Carruthers is the Science Director and Senior Fisheries Scientist with the Fish, Food and Allied Workers Union (FFAW-Unifor), which is the labour union that represents the owner-operator fleet in Newfoundland and Labrador. The FFAW is committed to research and management that supports healthy oceans, fisheries, and coastal communities. Dr. Carruthers received her Ph. D. in Biology from Memorial University in 2011 followed by a postdoctoral fellowship with the Centre for Fisheries Ecosystems Research. Before coming to Newfoundland, Erin worked as a Research Biologist with Fisheries and Oceans Canada at the St. Andrews Biological Station. Her current research program is co-constructed with fish harvesters and includes research on coastal fishing communities, collaborative longline and trap surveys, and best practices for the avoidance, handling and release of unwanted catch.