February 19, 2019 — A lot can change in a few months, fisheries economists are quick to say, but early indications point to very favorable conditions for wild Alaska salmon prices in 2019, especially for sockeye, the state’s top-dollar species.
Andy Wink, a fisheries economist who also heads the Bristol Bay Regional Seafood Development Association (BBRSDA), is happy with how the market is looking for the upcoming season.
“I think we’re at a pretty good place, and have been for the last few years in salmon markets. We’ve seen growing demand and the farmed salmon supply hasn’t grown as fast as it did in different points in the past,” Wink said. “It’s left producers in a good position.”
Leading farmed fish producers Norway and Chile, regulated by their respective governments, are bumping up against a threshold for the maximum number of salmon they can produce, and both are fighting blight. Norway, the world’s top farmed salmon producer, has had persistent problems with sea lice, while second-place producer Chile has been struggling with disease, primarily piscirickettsiosis, prompting environmental groups and health organizations to raise concerns over Chile’s overuse of antibiotics.