Peter Pan again sets the pace

For the second consecutive season, a major Bristol Bay salmon processor is posting ex-vessel prices before the bulk of the harvest is in, not after.

Peter Pan Seafood, a few days ago, posted a base price of $1 per pound for sockeye. Today, we have word the company is sweetening its price to $1.15.

Here's a statement from Jon Hickman, vice president of operations:

The reason we make early starting price announcements is to intentionally put the fleet at ease with a starting point so that they know they will receive a fair price for the long hours and hard work they are about to endure participating in the world's largest sockeye fishery.

So once again, Peter Pan was the first out with a price in Bristol Bay for the 2022 season. After posting an initial starting price last week, we've already increased the starting price to $1.15 as a testimonial to our belief in a valued partnership with the Bristol Bay fishing fleet. We will continue to evaluate the fishery and the market with the hope that price can move up as this possible record Bristol Bay season progresses.