Jonathan Stramaglia
👤 SpeakerAppearances Over Time
Podcast Appearances
So USA king crab is what everyone wants, first choice in the litter.
Second choice is Russia.
So everyone who switched to Russia, Russia, Russia, Russia, king crab.
Russia starts a war with Ukraine, embargo, no more Russia crab.
So after that well dried out of Russian crab, when an embargo happens, whatever's in America, that's it, no more.
So the well runs dry.
So now there's no Russian crab.
There's king crab for USA.
There's maybe 2 million pounds for the country, which is not even 10% of what you need on an annual year.
So now you go the only game left in town is Norway, Norwegian.
There's some Japanese crab out there as well, but they know what they have.
Right.
So they're going to hold it.
Supply and demand shoots up like crazy.
And Norway can only do so much.
Right.
They only they're used to only doing more of like Europe and just a little bit to America.
Well, now you're asking everyone's asking for like 20 to 30 million pounds.
They don't have it.
So supply and demand kicks in, and now it's just every week it's going up and up, literally every week.