Loading
EP 541 | AIRED 06/07/2021
June 7th, 2021--- This week we report on AquaBounty's controversial Genetically Modified Atlantic Salmon as it is finally set to hit Foodservice operations in the US after a long and hard battle with regulatory clearances, and consumer pushback - often referring to the product as "Frankenfish".
--- Founded in 1991, AquaBounty is best known for breeding the world's first genetically modified fish by combining a gene from a Wild Pacific Chinook Salmon, and an Ocean Pout, with the genetic structure of an Atlantic Salmon for the purpose of accelerating its growth.
Advertise Here: advertising@tradexfoods.com
AquaBounty expects production to reach 100 metric tonnes per month and continues expansion plans to more facilities.
The AquAdvantage Salmon has always prided itself as faster-growing being able to reach market size in 16-18 months from egg to harvest.
However competition seems to be catching up as other land-based Farmed Salmon operations such as Atlantic Sapphire (with their Bluehouse Atlantic Salmon), can reach market size in 18-20 months from egg to harvest.
--- Regardless if you purchase Farmed or Wild Salmon, you can already feel that 2021 is going to be an incredible year for Salmon products in retail and as foodservice operations return.
The world-class Alaska Wild Pacific Salmon Fishery is just getting started with first of the season Copper River King Salmon fillets seen as high as $75/lb US at Pike Place Market in Seattle.
Although the Copper River fishery is seeing some poor results early-on in the season, overall we are to see about 71 million more Salmon out of Alaska this year compared to last year with Alaska forecasting for 190 million Salmon for the 2021 season.
--- If you are not already, be sure to subscribe to our 3-Minute Market Insight using the signup form below to keep tuned-in to all upcoming market insights.