Prices could exceed 2014 Levels

Blue Swimming crab meat prices continue to rise overseas. Typically the landings would have improved by this time of the year but not as of yet. Product landing on next week’s containers will be 5-13% lower (depending upon the size) than product landing in 30 days. Further, the blue swimming crab prices are expected to rise next month as well. This will likely translate to continued high prices leading into the summer. As the chart below from Urner Barry shows, on its current trajectory, Jumbo lump from Indonesia could reach July’s 2014 high of $25.85 per lb. by June.

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