|In Maryland and Virginia, Fishers are Blue….and a Little Crabby as Well|
|Key Words||blue crabs, surplus, price, loss minization|
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Reference ID: A146223557
Blue crabs are thriving in Chesapeake Bay, Maryland this year. In a bad year, fishers might bring in total catches of 50 million lbs. This year, they’ve caught upwards of 80 million lbs. With such a huge harvest, prices of the popular seafood have plummeted. Last April, the price of a bushel of crabs ran $30, down from an annual high of $85; this year, the price is $8-10.
|Source||“A Glut of Claws.” The Economist. http://www.economist.com. May 25, 2006.|
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