Asian Demand Pushes Up BC Dungeness Crab Prices
May 12, 2014 | 1 min to read
Dungeness crab is selling for more than the price of lobster at Granville Island, where the cost of the West Coast delicacy has been driven up to record highs by a tight supply and insatiable demand from Asia.
"This is the first time I have ever seen anything like these prices," said Ray Ogura, of Seafood City at Granville Island, where live crab is selling for $20.90 a pound – a dollar per pound higher than Atlantic Lobster.
"And the end isn't in sight yet."
He said because the price has climbed so high so fast, Seafood City is not charging the full mark-up over wholesale.
To read the rest of the story, please go to: Business In Vancouver