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There was a collapse in the price of crab last year.

Crab: new pricing mechanism in the works

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Snow crabs landed on the wharf in Saint John, Newfoundland and Labrador, May 6, 2021.


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The union that represents snow crab fishermen in Newfoundland and Labrador hopes a new pricing mechanism will be put in place very soon.

In November, a three-person panel appointed by the province to review the issue concluded that the seafood pricing mechanism was inadequate.

They recommended changing it before the end of January, to avoid another standoff like the one that paralyzed the snow crab fishery for six weeks last year. last year.

Establishing prices using a mathematical formula is the solution recommended by this committee.

Greg Pretty, the president of the FFAW (Fish, Food & Allied Workers) union) said in an interview Thursday that these changes are in the works and that all parties involved are working on them.

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Last season, the price of crab collapsed, falling to $2.20 per pound and then rising again to $2.20 per pound. $.60. That was at least $5 less than in 2022.

According to Greg Pretty, the price fell by $0.30 per pound last month, but has since stabilized. This volatility is, in his opinion, one of the reasons why a price based on a mathematical formula is necessary.

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Greg Pretty, president of the FFAW fishermen's union, on May 12, 2023 in St. John's, Newfoundland.

The Seafood Producers Association (ASP) in Newfoundland and Labrador is participating in the negotiations.

The formula works, there is no doubt. The biggest challenge is negotiating with the ASP, said Greg Pretty.

Historically, the willingness to share has not been the strong point of this association, maintains Greg Pretty. He nevertheless believes that it will be advantageous for everyone, including the provincial government, to reach an agreement.

The association, for its part , did not wish to comment in an interview on the progress of the talks.

Faced with prices that have fallen by around 70%, crab fishermen of Newfoundland and Labrador have given up fishing in the spring. The ridiculous price the processors offered them was insufficient to cover, for example, their fuel costs or crew salaries.

Based on reporting byAlex Kennedy,CBC

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