Dire condition of Alaska’s seafood industry has many causes and no easy fixes, experts say

  • 📰 KTOOpubmedia
  • ⏱ Reading Time:
  • 71 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 53%

Economy News

Fisheries,Alaska Department Of Labor And Workforce Developme,Alaska Seafood Industry

A legislative task force is considering many responses to rescue the industry and communities that depend on it.

Low clouds hang over Kodiak’s St. Paul Harbor on Oct. 3, 2022. Kodiak is a hub for commercial fishing, an industry with an economic impact in Alaska of $6 billion a year in 2021 and 2022, according to a new report commissioned by the Alaska Seafood Marketing Institute.

“I think this next session is an opportunity for us to really take that sort of hard look at the industry — where it is today where it could be tomorrow, where it may not be if we don’t take action,” Edgmon said on Thursday, the second of two days of hearings held last week in Anchorage by the Joint Legislative Task Force Evaluating Alaska’s Seafood Industry.

“This hurts me to even say,” Bundrant told the conference audience. “When the fish swims across the dateline, it’s harvested, it’s sold around the world as Alaska pollock. That is the species’ name. So even though we can put together a great marketing campaign in South America, we put together a great marketing campaign in Germany or Japan, the Russians come in and say, ‘Well, we have Alaska pollock too. It’s just cheaper.

“We’re seeing increased fish farming worldwide,” Vincent-Lang said. “That’s having an impact on our wild salmon and our ability to sell those wild fish.” “I think it’ll be added back into the budget this coming session,” Stevens said during the second day of last week’s hearing. “We realize how important it is, that marketing is an important issue.”’

“Our expected outcomes are really to increase efficiencies across the board, to streamline operations, to reduce waste and to ultimately be able to achieve higher yields and profitability for harvesters and processors,” she said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 439. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

While investors are focused on big tech earnings, a homebuilder gives a dire warningD.R. Horton reports earnings miss, says interest rate volatility is keeping some homebuyers on the sidelines.
Source: CNBC - 🏆 12. / 72 Read more »