The record setting pink salmon catch in Alaska last year has left seafood processing companies with several year’s worth of inventory of canned product, although not all of the pink salmon winds up in a can. In fact, industry in recent years has been freezing and reprocessing around half of Alaska’s pink catch. Analysts say that move has helped weather the boom and bust cycles of salmon returns.
“The 2013 pink harvest was the largest on record,” said Joe Jacobson, director of the state’s division of Economic Development, testifying before the House fisheries committee this month. “It’s led to a glut of supply and it will probably, there will be downward pressure on prices because of it. And it’s really been a pretty tremendous impact.”
Fishing fleets caught 219 million pink salmon in Alaska last year. That helped fill up an estimated four million cases of tall pink cans and its left companies with almost five million cases in inventory.
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