March 2, 2021 — Despite record retail prices and a consistently strong demand, Bristol Bay salmon fishermen saw a nearly 50 percent drop in their base ex-vessel price in 2020 – from USD 1.35 (EUR 1.12) per pound in 2019 to USD 0.70 (EUR 0.58) in 2020, a USD 0.65 (EUR 0.54) drop in a single year.
The Bristol Bay Regional Seafood Development Association has published a new report that lays out likely reasons for the low base price. It also offers the region’s fishermen a range of solutions to consider for the future, and is seeking feedback from stakeholders to help set goals for the association.