July 24, 2020 — Major processors in Bristol Bay, Alaska, began posting base prices at USD 0.70 (EUR 0.60) per pound, just over half of last season’s price of USD 1.35 (EUR 1.16). Bristol Bay’s KDLG radio station reported that Peter Pan Seafoods, Trident Seafoods, Red Salmon/North Pacific Seafoods, and OBI Seafoods had all announced their price, with processing giant Silver Bay Seafoods yet to post.
Once one of the major processors in Bristol Bay announces the base price, the others typically follow suit. If a processor announces a lower price than a competitor, they risk angering their fleet and losing boats to other companies.