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Norway’s King Crab Boom Defies Market Logic as Prices Climb to New Highs

NORWAY
Tuesday, April 21, 2026, 06:10 (GMT + 9)

Rising female crab landings reshape supply dynamics, yet strong demand keeps prices elevated across key global markets The Norwegian king crab market delivered a surprising twist in week 15 of 2026 (April 6–12), as a sharp increase in supply failed to cool prices—instead pushing them to their highest levels of the year, according to Food World (Beijing). Latest figures show that landings of live female king crabs weighing 0.8–1.6 kg surged to 12,118 kg, up significantly from 7,104 kg the previous week and marking a seasonal peak. Despite this influx, the average price climbed to US$10.90 per kg (converted from NOK 117.97), underscoring unusually strong market absorption. FULL STORY

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