Fish Factor

Between 60 and 70 percent of Alaska’s seafood is exported to customers around the globe, and the strength of foreign currencies against the US dollar plays a big role in annual sales. Tracking by the Juneau-based McDowell Group for the Alaska Seafood Marketing Institute shows mid-year ups and downs for Alaska’s biggest seafood buyers.

On the down side: The Japanese yen has taken a 20% drop versus the dollar this year – not good for Alaska seafood exporters. Japan is a leading buyer of salmon roe, pollock roe, surimi, sablefish (black cod), and crab. Likewise, the British pound has weakened by...

 

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