Alaska's Premiere Crab Fishery Likely To Fetch Record Prices

It was fast and furious for Alaska’s premiere crab fishery with the fleet catching the nearly eight-million pound red king crab quota at Bristol Bay in less than three weeks.

The overall take was down 15 percent from the 2015 fishery and will likely fetch record prices when all sales are made.

“The only price we have is an advance price so fishermen can pay fuel, bait and other trip expenses. The final price will be determined from now to January,” said Jake Jacobsen, executive director of the Inter-Cooperative Exchange, which represents 70 percent of the Bering Sea crab harvesters.

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