Oversupply and inflationary pressure on consumers drag down salmon prices
August 16, 2023
Oversupply from bumper harvests last year and inflationary pressures squeezing household food budgets have made it a terrible year for Alaska salmon prices.
A near-record pink salmon harvest in Russia isn’t helping by adding more fish to the market.
“It’s a challenging year for all Alaska seafood,” said Jeremy Woodrow, executive director of the Alaska Seafood Marketing Institute.
Pollock prices are down, “we’re seeing impacts on crab too, and other whitefish species,” he said Aug. 10. And now, “salmon is getting the microscope.”
The downward pressure on prices started last...