Why crab prices are way down.

From: The Seattle Times (Seattle, WA) | Date: December 13, 2006| Author: | Copyright information

Byline: Hal Bernton

Dec. 13--The Costco king-crab legs are thick and meaty. But the real lure is the price: At $10.99 per pound, they are a quick sell to holiday-season shoppers. Puget Sound crabbers used to make fortunes hauling in such gourmet fare from the treacherous waters off Alaska. The crabs on display at Costco, though, are price-cutting Russian offerings from the distant Barents Sea, where a Soviet-era experiment to transplant the king crabs has turned into a booming 21st-century harvest. These Russian kings are much bigger, on average, than their Alaskan ...

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