Starting with pink salmon, in Alaska, it’s still too early to determine if the reduced landings are due to late arrivals, an extremely short run, or a combination of decreased fishing efforts and/or processing capacity.

Pink salmon landings are down by over 60 percent compared to the same time in 2022. In contrast, Russia's pink salmon harvest is actually ahead of the pace from the last even-year season as they cross the 100,000 metric tonne mark.

It was widely reported that this year's global salmon harvest would be lower than last year's; however, current harvest levels from Alaska and Russia combined are for an estimated 268,000 metric tonnes, down 74 percent from last year's combined harvest of 1.025 million metric tonnes.

Continue to follow our updates as we provide a bigger update on Pink Salmon in the coming weeks.



Moving on to Alaska Pollock and Pacific Cod, and the “B” Season harvest seems to be picking up. Over the last month, about 300,000 metric tonnes of Pollock have been harvested taking the total harvest to about 70 percent of the Total Allowable Catch.

Alaska almost always harvests 100 percent of the Pollock TAC and this year should be no different as the shortage of Salmon and the US ban on Russian-origin seafood will shift demand to Alaska Pollock, which will inherently move the needle upwards on Pollock prices domestically and in China.

For Alaska Pacific Cod, over 107,000 metric tonnes have now been harvested equating to about 60 percent of the TAC. Alaska almost always harvests 90 percent of the statewide Cod TAC.

Regarding Pacific halibut, landings have remained steady throughout the year. Approximately 40 percent of the 29 million-pound fishing limit has been harvested, maintaining the same pace as the previous two years but 6 percent behind 2021's rate.



Our models project that final landings for the year will total between 25 and 26 million pounds. Prices have risen slightly since Q2 and may experience additional upward pressure due to the decreased availability of wild salmon in the market.

Our recommendation is to secure your wild salmon now. For specific pricing, please contact a Tradex Foods representative. For Pollock, Cod, and Halibut, please speak with your Tradex rep so we can assess how you should best move forward.



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