Economists unsure of how long huge salmon influxes will affect prices

Kodiak fisherman Mike Friccero has fished for salmon for over four decades. He said he was expecting a low price for Bristol Bay salmon this summer but didn’t think rumors were true about how low it would drop. “Our processor gave us a letter, a narrative before the season started, saying that pricing conditions weren’t great but that they were going to go after it with all the resources that they utilized last year as far as tendering and logistics and resources in general,” he said. “And they asked if we would do the same.” Friccero said with lower salmon prices, he’s able to keep a decent paycheck but will have to be wary of his budget for next year. He said he hopes market conditions improve over the winter. >click to read< 11:27

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