Strong global and U.S. demand for sockeye salmon has pushed prices to near record highs and boosted fishermen’s paychecks.
Silver Bay and Peter Pan Seafoods a few weeks ago increased their base prices to fishermen to $1.45 per pound, a 20-cent increase from the summer, and other Alaska companies are likely to follow suit. That compares to a final price in 2020 of just $1.06.
“Obviously, the base price is announced earlier in the season. Now that we can see where sales are going and really have a confident look, we’re excited to celebrate that with our fleet,” Abby Frederick, a spokesperson for Silver Bay, told KDLG in Dillingham.
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