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Crab Prices 2018

DateExchange RatePrice
April 9, 20181.282352$4.55
April 16, 20181.265301$4.55
April 23, 20181.263788$4.55
April 30, 20181.282913$4.55
May 7, 20181.284687$4.55
May 14, 20181.284601$4.55
 May 15, 20181.284601$4.90
May 22, 20181.282550$4.90
May 28, 20181.287987$4.90
June 4, 20181.296322$4.90
June 11, 20181.294832$4.90
June 18, 20181.304237$4.90
June 25, 20181.325927$4.97
July 2, 20181.325886$4.97
July 9, 20181.313954$4.97
July 16, 20181.314032$4.97
July 23, 20181.317736$4.97
July 30, 20181.310602$4.90

How the Currency Provision is Applied

In 2018, the currency provision will be applied on a going forward basis. What this means is that harvesters will know the exact minimum price at the beginning of the week in which they are fishing.


  • Harvester X is fishing the week of April 15th (Sunday) to the 21nd(Saturday).
  • By noon, Monday, April 16th, the US-CAD exchange rate will be set by the FFAW and ASP using the average exchange rate of the previous week. The average exchange rate for the week of April 8-14 will set the minimum price for April 15-21.

Any changes to the US-CAD exchange rate during a particular week would not apply to the minimum price for crab caught during that week. Those changes would be reflected in the minimum snow crab price for the following week. This was requested from harvesters who felt it far better to know the minimum price before landing their catch.

However, any crab landed on a Sunday will be paid according to the minimum price set by noon on Monday, the next day.

How the Currency Provision is Calculated

The minimum snow crab price can fluctuate according to changes in the US-CAD exchange rate. The exchange rate is calculated on a weekly basis, with the week composing of Sunday to Saturday.

The average exchange for a week (e.g. April 8-14) is applied to the following week (April 15-21).

The minimum price will change either up or down by 7 cents for every 2.5 cent shift in the baseline US-CAD exchange rage.

The baseline US-CAD exchange rate will be set by noon on Monday April 9th by using the average exchange rate for the week of March 25-March 31, 2018.

The baseline Exchange rate is 1.288749 and the baseline Minimum Price is $4.55

Exchange RatePrice
Between 1.363749 and 1.388748$4.76
Between 1.338749 and 1.363748$4.69
Between 1.313749 and 1.338748$4.62
Between 1.313748 and 1.263750$4.55
Between 1.263749 and 1.238750$4.48
Between 1.238749 and 1.213750$4.41
Between 1.213749 and 1.188750$4.34