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Global seafood industry news · 1696 articles

US Lobster Rises for Third Straight Week, Dungeness Crab Falls to New Yearly Low

China's imported live seafood crustacean market entered week 27 (June 29 to July 5), with trends continuing to diverge among species. Affected by reduced Canadian lobster supply, US lobster prices rose for a third consecutive week, with the market gradually shaking off its earlier slump; on the other hand, inventory pressure after the Dragon Boat Festival has still not been fully digested, and several crab species including Dungeness crab, king crab, and brown crab continued to come under pressure, with Dungeness crab prices falling to their lowest level so far this year.

US Lobster Rises for Third Straight Week, Dungeness Crab Falls to New Yearly Low

China's imported live seafood crustacean market entered week 27 (June 29 to July 5), with trends continuing to diverge among species. Affected by reduced Canadian lobster supply, US lobster prices rose for a third consecutive week, with the market gradually shaking off its earlier slump; on the other hand, inventory pressure after the Dragon Boat Festival has still not been fully digested, and several crab species including Dungeness crab, king crab, and brown crab continued to come under pressure, with Dungeness crab prices falling to their lowest level so far this year.