• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
43s

Record Pinks creating market glut

By Associated Press 9:17 AM February 25, 2014

Wholesale prices for cases of tall pink salmon cans topped $100 in 2012 and 2013.

JUNEAU, Alaska (AP) – State officials say Alaska’s record pink salmon harvest in 2013 could create a market glut that will drive prices down for several years.

KFSK-radio reports (http://bit.ly/Mrpx1Y) the state’s division of Economic Development sees a glut in supply after the 2013 harvest, bringing downward pressure on prices.

Alaska fishing fleets caught 219 million pink salmon last year. That helped fill an estimated 4 million cases of tall pink cans and left companies with almost 5 million cases in inventory.

Wholesale prices for cases of tall pink salmon cans topped $100 in 2012 and 2013, more than double what they were a decade ago.

Not all the pinks end up in cans. Some are frozen and shipped overseas for more processing.

___

Information from: KFSK-FM, http://www.alaska.net/~kfsk/

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

Latest Stories

  • News

    Alaska National Guard welcomes new commander

    by Shannon Ballard on May 27, 10:00

    The new leader of the Alaska National Guard is starting her job with healing. Scandal rocked the Guard after a scathing report found serious problems in the ranks, including favoritism, lack of trust and allegations of sexual assault. Adjutant Gen. Laurie Hummel says her first priority is regaining that trust. Steps have to be taken […]

  • News

    King of Norway visits Alaska

    by KTVA CBS 11 News on May 27, 8:50

    King Harald V of Norway kicked off his first royal visit to the state in Homer. Tuesday morning, about 100 people welcomed him to Homer near the harbor, including an elderly woman who is 102 years old. His majesty is on a tour of the Pacific Northwest, which includes stops in Washington and Alaska. Tuesday, he spent […]

  • News

    Troopers: Man severely injured in Mat-Su shooting

    by KTVA CBS 11 News on May 27, 7:56

    Authorities are investigating a Mat-Su Valley shooting that left a man with life-threatening injuries early Wednesday morning. Based on initial reports, a group of men went to the shooter’s home in the Butte “causing a disturbance,” according to an online dispatch from Alaska State Troopers. When the group would not leave, the resident of the […]

  • News

    APD: Hit-and-run driver nabbed

    by KTVA CBS 11 News on May 27, 7:29

    The driver responsible for a severe hit-and-run crash Tuesday night was found Wednesday morning, authorities say. The crash happened around 8 p.m. Tuesday at the intersection of C Street and Dimond Boulevard, according to the Anchorage Police Department. Police say a silver Dodge Stratus ran a red light and struck a blue Chevrolet SUV. The driver […]

  • Politics

    New bill would move billions out of Permanent Fund reserve

    by Kate McPherson on May 27, 7:10

    In a move that signals budget negotiations are failing, a bill was introduced Tuesday that would allow the Republican-led majority in the House to go around the Democrats to access the Constitutional Budget Reserve (CBR). The Democratic coalition in the House is holding off on voting yes to using the CBR until some of their […]

  • News

    East Anchorage trailer park development project put on hold

    by Lauren Maxwell on May 26, 18:13

    A project to turn an East Anchorage trailer park into upscale housing has been put on hold. Phase one of the project at the Riviera Terrace Mobile Home Park off of Boniface Parkway was supposed to start this summer. But owner and developer Cameron Johnson says contamination from an old heating fuel spill is worse […]

  • Crime

    UPDATE: Police release video in May 17 Fairbanks homicide

    by KTVA CBS 11 News on May 26, 17:18

    Updated May 26, 5:15 p.m. Fairbanks police have released video from the May 17 homicide of John D. Kavairlook, Jr. FPD is seeking the public’s help in identifying the three men shown in the video below — sought in connection with the events surrounding Kavairlook’s death. Anyone who can identify the individuals in the video is asked […]

  • Crime

    Fairbanks man arrested for trying to set occupied home on fire

    by KTVA CBS 11 News on May 26, 14:45

    A 52-year-old man was arrested on assault and attempted arson charges after he tried to set an occupied home on fire early Monday morning, authorities say. Around 4 a.m. Monday, Alaska State Troopers received a 911 call ”reporting an individual pouring gasoline around an occupied structure,” an online dispatch says. The home is located off Chena […]