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King crab prices have shot through the roof because... <drum roll> ... Demand for it from Mainland China has skyrocketed in the past few years, and they are willing to pay top dollars for it. If you are the seller, are you gonna sell to Mainland Chinese market for big $$, or are you gonna sell it to the locals for $10/lbs?
At least we have been enjoying a good harvest (driving down prices) on lobsters this year.
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