Alaska ANALYSIS: Rising Sockeye Prices Amid Declining Supply and Smaller Fish Expana by Joshua Bickert - August 5, 2024 Sockeye pricing continues to increase as supply diminishes. This decrease in supply is driven by lower landings from Alaska and the smaller size of the fish being caught. According to the Alaska Department of Fish and Game (ADF&G) the average size of the fish is currently 4.2 pounds, marking only the fourth time in the past 20 years that the average size has fallen below 5 pounds. The other instances occurred in 2018, 2020 and 2021. The combination of lower landings and smaller fish is putting upward pressure on prices, as the reduced supply struggles to meet market demand.The impact of the decreased supply is evident in current pricing, with 4-6 H&G sockeye at $5.25 per pound. This is 19.8% higher than the 2023 price of $4.38 and 8% higher than the three-year average of $4.86. In fact, the only years in the past two decades with...Want to keep reading? Unlock the full story by logging into COMTELL.This story and more are available exclusively to subscribers on our premium COMTELL service. Be the first to discover market moving insights, articles, and analysis by subscribing today. Click here to find out how you can gain access to the leading market intelligence platform for agri-food professionals. https://www.seafoodnews.com/Story/1282795/ANALYSIS-Rising-Sockeye-Prices-Amid-Declining-Supply-and-Smaller-Fish Politics Peltola moves to ban US support of offshore aquaculture in federal waters Seafood Source by Nathan Strout - August 5, 2024 Anew bill from U.S. Representative Mary Peltola (D-Alaska) would ban U.S. agencies from permitting or supporting offshore aquaculture in federal waters without authorization from Congress. https://www.seafoodsource.com/news/environment-sustainability/rep-peltola-moves-to-ban-offshore-aquaculture-in-us-federal-waters International Major Japanese convenience store places more Alaska seafood on its shelves Seafood Source by Chris Loew - August 2, 2024 Tokyo, Japan-based convenience store chain FamilyMart has launched two products that feature Alaskan seafood and bear the Alaska Seafood Marketing Association (ASMI) logo on their packaging. https://www.seafoodsource.com/news/foodservice-retail/major-japanese-convenience-store-places-more-alaska-seafood-on-its-shelves Environment/Science NOAA Fisheries grappling with fisheries management in the face of climate change Seafood Source by Chris Chase - August 2, 2024 The impacts of climate change are already being felt in fishing communities across the U.S. – to sometimes devastating results. https://www.seafoodsource.com/news/environment-sustainability/noaa-fisheries-grappling-with-fisheries-management-in-the-face-of-climate-change Labeling and Marketing 3MMI - 2024 Summer Salmon Update: CHUM TradexFoods - August 5, 2024 --- Last year’s global harvest of chum salmon was 21% lower than the 10-year average. This year’s global chum salmon harvest could potentially match last year's levels based on forecast and catch data. In Alaska, the peak weeks of keta landings have likely passed and only slightly over 40% of the forecast has been met. Japan could see one of the lowest chum salmon harvest since 1969. Watch to Find Out More. https://www.youtube.com/watch?v=O0Yk4mglKgA
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