Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Alaska salmon fisheries. (Photo: youTube/steveoscaro)

Prices up for salmon; fishers and processors hopeful

  (UNITED STATES, 6/24/2011)

Predicted high prices and a bountiful pink salmon harvest of 55 million in Southeast Alaska are causing optimism among fishers this season. The Alaska Department of Fish & Game (ADFG) has also predicted above-average harvests for sockeye, chum and coho salmon across the state, with a slightly below-average run for chinook.

The statewide commercial salmon harvest for the year is forecast to total 203 million salmon of all species -- constituting the fifth-largest total harvest and fourth-highest pink salmon harvest since Alaska became a state and assumed the management of its fisheries in 1960.

Meanwhile, ADFG has cancelled a second fishing period for Yukon River subsistence fishers to let more king salmon reach Canadian spawning grounds, as the Yukon king run is weaker than originally expected, reports The Associated Press.

Although prices are high, Tyson Fick, communications director at the Alaska Seafood Marketing Institute (ASMI), said various factors could reduce the profit margin.

“There’s supposed to be a lot of fish this year. That will have downward pressure on the price,” he noted.



“And the commodity price is likely to go down as Chile gets back online and Norway keeps producing more. And the price of oil – what it costs to get fish and process them,” Fick pointed out, reports KFSK.

Still, persistent demand and a weak US dollar are thrusting salmon prices up.

Gunnar Knapp, an economist with the Institute of Social and Economic Research at the University of Alaska Anchorage, said demand for the state’s salmon has risen steadily in recent years and may soar in 2011.

Japan is Alaska’s main seafood buyer.

“The situation with the Japanese tsunami […] may be a positive factor in the sense that it is probably going to hurt the Japanese chum salmon production. So they’ll be looking for other places to buy chum salmon from and chum salmon roe,” Knapp explained.

“And it also apparently destroyed a fair amount of frozen salmon inventory that they need to buy again. So they needed to buy again salmon that had already been bought,” he continued.



At the same time, McDowell Group seafood analyst Andy Wink believes the catastrophe bred by the earthquake and tsunami might inspire nationalism among the Japanese, decreasing demand for Alaskan products. In contrast, he said, a strong yen may benefit Alaskan fishers.

“When the yen is strong in comparison to the dollar, Alaskan, American, exports look better. When the dollar is weak, you think, oh that’s bad for the economy, but it actually really helps the export sector, of which a whole bunch of Alaska seafood is exports,” he summarised.

In any case, fishers are hopeful: Southeast gillnet-permits are currently up almost 30 per cent over last year and seine permits more than 40 per cent.

Processors are positive as well. Icicle Seafoods, the largest processor in Petersburg, AK, recently upgraded its plant to enlarge the volume of fish it can freeze, and another local processor, Ocean Beauty, is reopening its cannery.

Related article:

-
Salmon gillnetting season kicks off in Alaska 

By Natalia Real
[email protected]
www.fis.com


Information of the company:
Address: 311 N. Franklin Street., Suite 200
City: Juneau
State/ZIP: Alaska (AK 99801)
Country: United States
Phone: +1 907 465 5560
Fax: +1 907 465 5572
E-Mail: [email protected]
Skype: https://www.instagram.com/alaskaseafood/
More about:


Location:

View Larger Map



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Quality Engineering Vs. Quality Assurance: Everything You Need To Know
BioMar Continues to Invest in the Shrimp Segment
Aquaculture Start-up Solar Oysters Aims to Clean the Chesapeake Bay
Seafood Packaging that Convinces Squeamish Shoppers
The Finest Seafood Products from Around the World
NovoNutrients Fast Tracked in the FEED-X Global Search for Sustainable Innovations to Solve Major Protein Supply-Chain Challenges
Flexible Packaging for Fish & Seafood
Norwegian Salmon in Top Spot on Global Sustainable Food Ranking
First Kelp and Hiziki Seaweed Farms Achieve ASC-MSC Certification
Samherji Acquires a Vessel to Catch and Conserve Live Fish
Huon RSPCA-Approved Salmon Hits Coles Shelves
True North Seafood Acquires Mariner Seafood
Smartphone Photo App Makes Gathering Shrimp Data Easier Than Ever
Valka Introduces New Possibilities in Salmon Fillets Portioning
PVC Rain Gear for Aquaculture Designed for Comfort and Built to Last
First Facilities Certified to BAP Chain of Custody Standard
ASC Salmon Given Green Rating in New Good Fish Guide
Chicken of the Sea Celebrates World Food Day by Announcing Donation of More than 2.5 Million Servings of Protein Rich Seafood Throughout 2020
Kongsberg Maritime to Deliver Large Electric Winch Package to New Vessel for Faroese Fishing Company JFK
Atlantic Sapphire Revolutionizes the Salmon Industry with Sustainable, U.S. Raised Bluehouse Salmon Product
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Huge search continues for missing crew after fishing boat sinks
United Kingdom A desperate search for two missing fishermen has entered its second day after their boat sank off the East Sussex coast. The coastguard pulled one man from the water after the vessel, Joanna C, se...
Domestic market situation for wholesale frozen fish
Russia Fed. From November 16 to 22, the price dynamics of frozen fish in the wholesale segment of the domestic market continued to be multidirectional. In the Far East region, prices for pollock (93 rubles / k...
BREXIT: Flagship Fisheries Bill becomes law
United Kingdom The Fisheries Bill receives Royal Assent after 10 months in Parliament Yesterday the UK’s first major domestic fisheries legislation in nearly 40 years passed into law. The Fisheries Act 2020...
Lots of fishing is going on across Alaska – November updates!
United States A preliminary wrap up of Alaska’s 2020 salmon fishery shows that communities will be hurting in terms of fish tax revenues this coming year. The value of salmon landings is down by half or much ...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER