Industry analysts point to diminishing consumer interest in salmon, and a glut of inventory from last year’s record harvest ofpointed to another factor
“Last week, Russia harvested pink volume equivalent to our entire Alaska pink annual forecast, and they have shown a willingness to offload inventory at very low prices in part to fund the war in Ukraine,” the letter stated. “We haven’t seen a collapse in value like this since the 1990s, when pinks went well under ten cents a pound.
The prospects for chum salmon are bleak, too, with Trident offering a ceiling of just 20 cents per pound across the entire state, “as chum markets have collapsed.”
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