Southeast Alaska’s first competitive commercial red king crab fishery in 8 years is underway. The starting price came in above expectations for the fishery, which will rack up an estimated $5 million.
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The proposal would have created an equal harvest for permits in Southeast Alaska when the state’s preseason estimates were low. Then it would give permit holders equal amounts of crab to catch. If the harvest level was above 200,000 pounds, management would return to a competitive fishery. The proposal would have expired in three years unless renewed by the board.
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