Crab Prices Drop Thanks to Bumper Catch

  • By Hwang Ji-yoon

    October 23, 2023 13:10

    This autumn has brought a bountiful catch of crabs, with prices dropping by approximately 30 percent compared to a year ago.
    According to the National Federation of Fisheries Cooperatives on Sunday, a kilogram of crabs cost W5,865 wholesale during the first 18 days of this month, down from W8,365 a year earlier, while the total catch increased 27 percent from 1,802 t to 2,294 t (US$1=W1,352).
    Crabs are mainly caught in the coastal areas of Incheon and South Chungcheong Province, and this year the catch in Incheon increased significantly.
    According to the Korea Fisheries Resources Agency, from Aug. 21, when the autumn crabbing season began, until Oct. 13, the total crab catch in the entire West Sea increased by 14 percent on-year to 6,672 t, and 4,249 t were caught in Incheon, up 40 percent.
    A worker holds crabs in a superstore in Seoul on Sunday. /Yonhap
    An official from the National Institute of Fisheries Science said, "The abundant crab harvest this autumn is influenced by sea temperature along the West Coast rising 1 to 1.5 degrees since last year."
    As the crab population grows near the coast, more crabbing has occurred.
    At E-Mart a crab costs around W2,200, down from W4,500 last year.
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