Gunnar Knapp News Today

Russian fish flooding global markets and other economic forces beyond the state’s border have created dire conditions for Alaska’s seafood industry.

Russian fish flooding global markets and other economic forces beyond the state’s border have created dire conditions for Alaska’s seafood industry.

The Joint Legislative Seafood Industry Task Force, modeled after a state salmon task force formed 20 years ago, would present findings and recommendations by January.

Alaska’s seafood industry is reeling after Trident Seafoods announced its plan to sell off several processing plants.

Trident Seafoods shocked fleets when it announced last week it would sell plants in Kodiak, Petersburg, Ketchikan, and False Pass.

Restaurants have been operating with smaller wait staffs, selling fewer dishes at higher prices.

Three years of huge returns in Bristol Bay created a surplus of sockeye in the market.

Processors recently announced a base price of just 50 cents per pound – the lowest price in decades, when adjusted for inflation.

Kodiak fisherman Mike Friccero has fished for salmon for over four decades. He said he was expecting a low price for Bristol Bay salmon this summer, but

Alaska lawmakers have been spending the final days of the 121-day legislative session disagreeing over the amount of this fall’s Permanent Fund dividend.