August 9, 2023 — Trident Seafoods, the country’s largest vertically integrated seafood company, announced a number of measures over the weekend that bode poorly for the Alaska salmon market, including an early end to its salmon buying season across much of the state.
In a letter over the weekend to fishermen who sell their catch to Trident, the company outlined the issues prompting low prices and a halt to most salmon purchases at month’s end.
“The current state of the salmon markets is volatile, and future indicators are even more concerning,” reads the letter, signed by Trident CEO Joe Bundrant and senior vice president for Alaska operations Jeff Welbourn. “We know this is not an easy time and we understand and empathize with our fishing community. Given how quickly things are changing we are committed to being as transparent as possible so you can make timely and informed decisions.”