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Monday, May 13, 2024

Alaska Alaska Legislature approves seafood task force for sector in ‘crisis’ Anchorage Daily News by Sean Maguire - May 12, 2024 JUNEAU — The Alaska Legislature on Sunday approved creating a task force to make policy recommendations to help the beleaguered commercial fishing industry. Bill will allow higher insurance reimbursements for injured commercial fishermen KDLL by Riley Board - May 10, 2024  Injured commercial fishermen and boat owners in Alaska will now be able to access higher insurance reimbursements, thanks to Senate Bill 93, which was signed into law last month. ANALYSIS: Strong Demand and Sporadic Landings Lead to High Prices to Start the Spring King Season Urner Barry by Joshua Bickert - May 13, 2024 Spring troll season for king (Chinook) salmon is in full swing, with landings reported from various regions. However, the market is facing challenges in maintaining steady pricing and supply. Product is coming in from Neah Bay, the Columbia River, as well as the Coast of Oregon. Additionally Southeast Alaska and Yakutat recently commenced with landings for weeks 18 and 19 hovering around 400 fish each, according to Alaska Department of Fish and Game, as of this writing. Unfortunately, the California season remains closed for the second consecutive year, which could pose a significant impact to supply moving forward.Headed and Gutted (H&G) pricing has kicked off robustly at an average of $15.00 per pound. This represents a 20% increase from last season's starting price of $12.50 and a notable 35.2% surge from the five-year average of $11.09. These figures mark the highest prices observed for troll kings in the past five years, excluding those from Copper River.

Market participants attribute the record opening prices to...

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Labeling and Marketing 3MMI - Pacific Halibut: Harvest Intensity, Price Forecast, Supply Outlook TradexFoods - May 13, 2024 The Pacific Halibut fishery that started mid-March is ahead of the pace of the same time last year driven by more Alaskan activity along with rising dock prices. Market pricing is currently at a low but is expected to rise. Expect another 4 to 5 million pounds for the market before the focus shifts to the Salmon Season. Watch to Find Out More.

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