University of Alaska Anchorage fisheries economist Gunnar Knapp last week gave legislators in Juneau an overview of world salmon trends.
You can view the entire presentation here. It's well worth your time.
"In general, as of February the market outlook for 2013 looks relatively favorable," says Knapp, sizing up the short-term salmon situation for Alaska. He cites three key factors:
• Sockeye harvest volumes probably will be lower
• Canned salmon markets are strong and inventories are low
• Farmed salmon prices appear to be strengthening
Lower harvests, Knapp explains, can push up prices, and Alaska's wild salmon value generally rises or falls with prices for farmed salmon, which now dominates world supply.
Here are a few more interesting Knapp notes:
Alaska wild salmon accounts for less than a third of U.S. fresh and frozen salmon consumption.
About two-thirds of Alaska pink salmon production was frozen in 2011, compared to less than 20 percent in the late 1990s.
The first wholesale value of Alaska salmon production has increased dramatically, from $466 million in 2002 to $1.5 billion in 2011. Total processor margin and total ex-vessel value have risen by similar amounts.
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