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Analysis

OCI: Shrimp, crab cuts will force consolidation, not offset by better groundfish outlook

Cuts in crab and shrimp quotas will not be offset by better outlook for groundfish and likely force the industry to consolidate, say OCI top execs

By Tom Seaman | April 6, 2017 17:19 BST
Flickr, nelgdev
Snow crab. Photo: Neldgev
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The quota cuts in 2017 for snow crab and coldwater shrimp companies in the Canadian province of Newfoundland will force consolidation in the sector and won’t be offset by a better outlook for groundfish in the short-term, said Ocean Choice International’s (OCI) CEO and chief operating officer.  [...]

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