Processors have begun posting their prices for Bristol Bay sockeye salmon.
One major company, Peter Pan, provided this statement:
The Peter Pan Seafood price for sockeye is set at $0.50 per pound plus up to $0.30 in quality incentives. Peter Pan is also offering a late season bonus for sockeye. Effective July 18, 2023, there will be a $0.20 per pound late season bonus.
The IntraFish news service reports Trident Seafoods is offering a base price of 50 cents per pound, and another company, North Pacific Seafoods, has matched the price.
A base price of 50 cents represents a tremendous tumble from last year, when Bristol Bay produced a record harvest of more than 60 million sockeye. The average price in 2022 was $1.15 per pound, the Alaska Department of Fish and Game says.
All the salmon from last year would appear to have depressed prices this season.
This year's catch currently stands at 33.6 million sockeye.