• 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 This material may not be published, broadcast, rewritten or redistributed.)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

  • Sports

    West and South football prepare for battle

    by KTVA Sports on Oct 21, 8:48

    A pair of familiar rivals will duke it out for high school football’s biggest prize this weekend.

  • News

    Autopsy being performed on Sitka downing victim

    by Associated Press on Oct 21, 8:40

    An autopsy is being conducted on a man who drowned in the ANB Harbor in Sitka. The Daily Sitka Sentinel reports (http://is.gd/r7uhKh) 41-year-old Richard T. Hatten was unresponsive when he was pulled from the water last Thursday. Friends found him in the water near the dock and pulled him out. Efforts to revive him were […]

  • Weather

    Daybreak weather, Oct. 21

    by KTVA Weather on Oct 21, 8:28

     

  • News

    Complaint filed against teacher who supports Ballot Measure 2

    by KTVA CBS 11 News on Oct 21, 8:13

    A retired teacher has filed a complaint against an educator for unethical behavior after she threw her support behind the ballot measure to regulate marijuana like alcohol in Alaska. Last month, Kimberly Kole, a science teacher in the Anchorage School District, spoke at a press conference where she encouraged people to vote yes on Ballot […]

  • News

    State, refinery reach agreement on cleanup

    by Associated Press on Oct 21, 7:17

    Owners of the shuttered North Pole refinery and the state of Alaska have agreed on cleanup methods for a leak of an industrial chemical at the site. The Fairbanks Daily News-Miner (http://bit.ly/1rpKyHN) reports the agreement for the cleanup of sulfolane was worked out between Flint Hills Resources Alaska, the Alaska Department of Law and the […]

  • News

    Parnell fires more National Guard leaders; Walker says ‘too little, too late’

    by KTVA CBS 11 News on Oct 20, 23:05

    Alaska’s governor has removed three leaders of the Alaska National Guard, effective immediately. A release from Gov. Sean Parnell’s office states that these transitions in the Guard’s senior leadership were made Monday at the governor’s direction. The removal of the three officials comes at a time when Parnell is in the process of selecting a permanent […]

  • News

    Girl Scouts bring special-needs shopping carts to Sitka

    by Heather Hintze on Oct 20, 19:46

    For those who have children with special needs, everything is a bit more challenging. Recently, Sitka resident Jeff Bentley brought his daughter, Jema, along on a trip to the grocery store. The five-year-old has epilepsy and cerebral palsy. “Jema, you want to sit in the cart?” Bentley asked her. The father says even a trip to […]

  • Lifestyle

    Web Extra: Digging out

    by John Thain on Oct 20, 18:59

    We knew it was coming, but today’s snowfall still felt like a surprise. Were you ready for the snow? We asked some Rabbit Creek residents how they felt about the area’s first measurable snowfall of the season.