Copper River Crash Will Cost Commercial Fishermen Millions

Copper River sockeye fishermen are facing historic low returns this year, prompting some commercial fisherman to target other species elsewhere in Prince William Sound, and leaving others waiting onshore in what is usually a profitable fishery to the tune of $15 million or more in ex-vessel value.

Through mid-June, the commercial Copper River District drift gillnet fishery had landed just less than 26,000 sockeye salmon and a little more than 7,000 kings during three mid-May fishing periods. The Alaska Department of Fish and Game had expected a harvest this summer of nearly 1 million sockeye in the district, and about 13,000 kings. As the harvest stands now, it’s the second-lowest in the past 50 years.

The Copper River fish typically fetch a premium price as the first of the season, and this year was no exception, with prices as high as $75 per pound for kings at the Pike’s Place market in Seattle after the May 17 season-opening period.

To read the rest of the story, please go to: Alaska Journal of Commerce