The president of the Fish, Food & Allied Workers union says time is ticking on getting a new formula-based seafood pricing system in place ahead of the 2024 season.

A November report from the province's three-person fish price-setting team submitted to the provincial government said the current seafood price-setting process is flawed and changes need to be made to avoid another tie-up that halted the snow crab industry for six weeks last season.

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