Salmon markets face lower supplies
A downward shift in supplies of salmon could boost demand for Alaska fish. If that basic rule holds true, prices could move out of the basement. Some balance appears to be in the offing. Alaska’s projected salmon harvest of 161 million fish is down 40 percent from last season due to an off year for pinks. Bristol Bay’s sockeye forecast of just under 30 million is well below harvests of the past two years. That helps remove backlogs of reds, which are moving briskly through markets. A prime example: Sockeye exports to Japan, which is enduring local fishery failures, surged 320 percent at the end of last year and demand is expected to remain strong. Audio report, Read the rest here 17:51
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