November 13, 2020 — The pandemic and a growing public concern about the effects of climate change loomed large over the committee conversations at the Alaska Seafood Marketing Institute’s virtual All Hands on Deck conference this week.

Alaska fisheries had a remarkably successful story to tell in terms of coping with the threat of covid-19 over the spring and summer, as tens of thousands of fishing and seafood industry workers converged on remote coastal towns across the state.

While the Bristol Bay salmon fleet matched that success with robust returns and a harvest of 39 million fish, statewide salmon returns were down overall, and the bay’s base price was half what it was in 2019, coming in at 76 cents. This year marks the state’s seventh lowest salmon volume since 1976 with run failures in the Chignik and Artic-Yukon-Kuskokwim districts, and disaster declarations in Cordova, Petersburg and Ketchikan.

“The [chum salmon] didn’t show up, with only 45 percent of the forecast harvested. On top of that, the ex-vessel prices were quite low,” said Dan Lesh with McKinley Research (formerly McDowell Group). Total value for the 2020 chum fishery was $26 million, less than half the previous 10-year low of $63 million in 2014.

Alaska’s salmon export volumes overall were down 48 percent as of September. A low global wild supply managed to compensate for a glut of farmed salmon and pushed export prices up 26 percent for wild Alaska salmon.

Read the full story at National Fisherman