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Monday, March 21, 2022

**************************************** PSPA Statement on the passing of the Honorable Don Young, Representative for the State of Alaska and Dean of the House: The Alaska seafood industry is extremely saddened to hear of the passing of Congressman Don Young on Friday, 18 March. Until his last days and hours, he was working with his trademark tenacity to defend Alaska’s fisheries, maritime industries, rural communities -- everything that makes Alaska the center of America’s commercial fishing industry. PSPA expresses deep gratitude for his lifetime of work developing our fishing and seafood industries, including his contributions to the landmark Magnuson-Stevens Fishery Conservation and Management Act more than four decades ago. His long service to Alaska and Alaskans leaves an indelible imprint on all who knew and worked with him. We are grateful for his service and his legacy, which allows sustainable fisheries for the benefit of future generations of Alaskans and the nation. We send our prayers to his family. ****************************************

Alaska Board of Fish votes down proposal to allow limited red king crab harvest in Southeast Alaska KFSK by Angela Denning - March 17, 2022 The Alaska Board of Fisheries has voted down a proposal that would have allowed for a limited harvest of red king crab in Southeast Alaska, where the fishery hasn’t been open for years. Alaska Fisheries Report March 17, 2022 KMXT - March 18, 2022 On this week’s Alaska Fisheries Report with Terry Haines: Marine biologist Tamsen Peeples talks about the challenges and potential rewards of the emerging kelp farming industry: International Even Japan’s sushi makers are feeling the bite of Russia’s war Washington Post by Michelle Ye Hee Lee and Julia Mio Inuma - March 18, 2022 TOKYO — Thousands of miles from the war in Ukraine, Japanese sushi restaurants and fish markets are feeling the pain of their country’s sanctions on Russia. ANALYSIS: A Look At The Current Snow Crab Market And Spring Supply Outlook Urner Barry by Janice Schreiber - March 21, 2022 More questions than answers… With the new Canadian snow crab seasons fresh on everyone’s minds, there is a lot to unpack on what is happening in the market currently and what the supply outlook looks like for Spring 2022. Let’s start with some things that we know. March 15 marked the beginning of the season in Nova Scotia. Boats have just begun unloading, therefore we will have a better idea of how the fishery is doing into next week. The quota for Nova Scotia has not been announced yet, but Department of Fisheries and Oceans have released 25 percent of the quota for Nova Scotia to give DFO time to decide on the official announcement. On March 18 a 34 percent increase in quota was announced for the southern Gulf of St. Lawrence snow crab fishery. This increase was alluded to following a positive stock assessment announcement by the Canadian government released at the beginning of the month. A start date has not yet been announced and ice coverage continues to be reported to be heavy, which is believed to potentially delay the start to the fishery. In 2021, the Gulf open was one of the earliest on record with 5-8 Gulf quotations established April 22, 2021. Market participants believe an early start will not be an option for the Gulf this year. As if this writing, the quota announcement out of Newfoundland has not been made. The announcement is expected in the next week or so. On March 11 President Biden announced a ban on Russian imports ,which includes seafood. After March 25 Russian imports will no longer be allowed to be imported. In 2021, Russian snow crab made up 30 percent of the total share of imports, Canada was 63 percent of the market share of imports. The Russian snow crab market has been trending lower the past several weeks and the undertone is barely steady to weak with some still lower offers, especially on 5-8s, noted.

Out of Alaska, the announcement was made at the end of 2021 that the 2021/2022 Alaskan snow crab season quota would be cut down by almost 90 percent. There are small quantities of Alaskan snow crab being offered currently in the market, but... Be the first to gain access to analysis pieces from Urner Barry market reporters. Subscribe to Urner Barry's Comtell today. Read the analysis on Comtell here.

Pacific Seafood Processors Association 1900 W Emerson Place Suite 205, Seattle, WA 98119 Phone: 206.281.1667 E-mail:; Website: Our office days/hours are Monday-Friday 8:00 A.M. - 5:00 P.M. In accordance with Title 17 U.S.C. Section 107, any copyrighted work in this message is distributed under fair use without profit or payment to those who have expressed a prior interest in receiving this information for non-profit research and educational purposes only. *Inclusion of a news article, report, or other document in this email does not imply PSPA support or endorsement of the information or opinion expressed in the document.


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