Petersburg Pilot -

Fish Factor

Global forces apply downward pressure on crab and sockeye prices

 


Alaska seafood marketers are facing some strong headwinds heading into 2015, notably, for sockeye salmon and crab.

Snow crab is Alaska’s largest crab fishery, underway now in the Bering Sea. The fleet has a slightly increased 61 million pound catch quota; boats also are tapping on a hefty bairdi Tanner crab catch, the larger cousin of snow crab.

A 25% increase in snow crab, the unexpected 15 million pound Tanner fishery, a weak Japanese yen, plus several million pounds of Russian snow crab from a new fishery in the Barents Sea, (not to mention all the pirated crab) – all are combining...



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