Pink salmon production in US and Russia hit record peak, prices collapse

Published 2023년 8월 9일

Tridge summary

The production of pink salmon in Russia and Alaska has reached record-breaking levels this year, leading to a significant drop in prices. Russian salmon is being shipped at very low prices, contributing to the decline in prices in Alaska. The oversupply of pink salmon, combined with economic challenges, has created an unstable market situation that is causing concern among industry players.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year, the production of wild salmon (mainly pink salmon) in Russia and Alaska in the United States broke historical records, and the continuous price plunge is almost the worst in decades. the Sources told UCN that Russia shipped at very low prices, which quickly lowered the price of H&G pink salmon in Alaska, USA. the On August 5, Trident, a large American seafood company, wrote to Alaskan fishermen: "Last week, Russian pink salmon production was almost equivalent to our annual forecast production for the entire Alaska, and they exported stocks at very low prices, partly because It's funding the war in Ukraine." the "We haven't seen a price collapse like this since the 1990s, when pink salmon was below $0.10 a pound. At the same time, record inflation is driving up costs for everyone across the board. Trident Internal costs are being actively managed so we can return as much value as possible to fishermen during this time." the Trident said that the last month of the ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.