Buyers back off blue crab
August 29, 2010
Wholesale prices of live blue crab and crabmeat are strong this summer, because the U.S. Gulf supply is down due to the oil spill. Decreased imports from Venezuela have also helped strengthen prices.
U.S. demand for blue crab, however, is waning. "The Gulf is not producing a lot of crabs, which has made the market better on [our] crabmeat," said a Northeast distributor. While some blue crab fishing areas were closed through early August, the lack of demand for Gulf seafood is hurting the indust…