Trade war, Covid and now Ukraine invasion eat into Alaska seafood sales
First a trade war, then a battle against an infectious virus and now a real war are all affecting Alaska seafood exports. Shipments to China fell from as high as 30% of Alaska’s total seafood export value in the 2010s to 20% in 2020. “The U.S.-China trade war has displaced $500 million of Alaska seafood,” And though people bought more seafood to prepare at home during the COVID-19 pandemic, sales to restaurants and food services fell by 70%, Woodrow said. The food service market “still hasn’t fully recovered.” The Alaska product at risk in Russia’s invasion of Ukraine is pink salmon roe. Eastern Europe is a major buyer of the product, he said. “It’s a regional preference.” Alaska in 2021 shipped to Ukraine about $20 million of pink salmon roe,,, >click to read< 11:37
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