Outlook for salmon markets this year is favorable
In a word, the outlook for Alaska salmon markets this year is favorable.
That’s the conclusion of Gunnar Knapp, fisheries economist at the University of Alaska/Anchorage in an overview of world markets to Alaska legislators.
Knapp cited three key factors for the short term outlook: lower sockeye harvests, strong canned salmon markets with low inventories, and strengthening prices for farmed salmon.
Lower harvests can boost prices, and Alaska wild salmon tends to follow the price trend for farmed salmon, which dominates global markets. Alaska’s 2012 harvest of nearly 124 million sa...