US: A down year for the salmon fishery may spell the end of some Alaska seafood businesses

Published 2024년 8월 21일

Tridge summary

Alaska's summer salmon season has seen a significant decline in catch totals and fish sizes, with pink salmon returns being particularly poor. The situation is expected to exacerbate the ongoing decline in the state's seafood sector, with prices remaining stable despite the reduced supply. The small fish size has led to processing challenges, and the market is further disrupted by the lingering effects of a salmon glut from previous years and increasing reluctance of traders to store product. The situation is causing financial strain for many in the industry, with uncertainty about the future of some businesses and the market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Salmon catch totals and fish sizes have been disappointing thus far in the U.S. state of Alaska’s summer season, potentially accelerating the ongoing shakeout taking place in Alaska’s seafood sector.Around 87 million salmon have been caught in Alaska this summer, far short of the 230.2 million salmon harvested in 2023 and tracking well below the Alaska Department of Fish and Game (ADF&G) forecast of 135.7 million fish by season’s end. While part of that has to do with the two-year cycle of pink salmon returns in Alaska, catches for every salmon species in Alaska are down this year.With the primary summer salmon season winding down in Alaska, thus far, the catch includes 40.7 million sockeye, 32.5 million pinks, 13.9 million chum, 606,000 coho, and 217,000 Chinook. In 2023, the totals were 51.8 million sockeye, 152.4 million pinks, 23.5 million chum, 2.3 million coho, and 235,000 Chinook. ADF&G’s 2024 forecast for commercial harvesters included 69 million pink salmon, 39.5 million ...

Source: Seafoodsource