Petersburg Pilot -

Fish Factor: Sockeye price drops thanks to catch being millions over projections

 


It came as no surprise when the first price postings last week tanked for Bristol Bay sockeye salmon to $1.20 a pound, with an extra 15 cents for chilled fish. That compares to a base price of $1.50 a pound last year.

The Bristol Bay catch topped 28 million reds by Friday, 11 million more than projected, and the fish were still coming. (Alaska’s total sockeye salmon catch as of July 18 was over 37 million and counting.)

Demand for the fish is strong by both foreign and U.S. buyers, but the downward press on prices stems from lots of competing red salmon rivals in the works this year....



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