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The market for red king crab and snow crab is fully steady to firm with very limited inventory reported, while crab meat prices fell in week nine of 2025 (Feb. 24 - March 2), Undercurrent News found in its latest assessment. 

The premium customer is alive and well in the United States if the wholesale price of red king crab and snow crab clusters is any indication. 

Despite ex-vessel Norwegian king crab prices stabilizing in the recent week, prices are still 8% higher year-on-year. The surging prices in the US market in the face of the extended rally shows the high level of demand still seen. The gap to the ex-vessel price has widened.  

The US wholesale market overall is fully steady to firm, but the only price action in the king crab market was on the 6-9 count Norwegian product. Supplies remain extremely tight, and price is currently a limited thought in buyers' minds. 

Price isn't a factor in the snow crab market either. Sellers working from low inventory positions are met with solid buyer demand, and the limited offerings, no matter the size or origin, have a firmer price attached. Changes this week reflect premiums in the marketplace. 

Canadian inventory is virtually gone, with new season production not until around May. Large clusters from Norway were removed, and the other sizes face the same supply position, as it pares to nearly nothing. Inventory from Norway is expected late this month into the middle of March [...]