Friday, October 12, 2012

Seafood Species Market Update October 2012


Pollock 
Fishing has been slow the last few weeks due to weather. Supplies of 2-4, 4-6 and 6-8 are steady. The market is expected to remain solid on all sizes.

Cod
The B Season news is bleak with a number of boats quitting due to poor catches. This could lead to future price increases and shortages on some sizes. Currently we have supply of all sizes.

Rockfish
Small amounts of fillets are continuing to be produced in Alaska, but the majority of fillets are boxed and ready for immediate sales. The prices of smaller fillets (under 2oz and 2-4oz) have softened, but are expected to remain at current levels.

Flounder
The overall supply of Alaskan Flounder and Sole fillets continues to be limited; there is no short-term relief in sight for once-frozen and skinless fillets out of Al aska.

keta salmon
 At 17,000,000 fish Alaska landings are very similar to 2011.

sockeye salmon
 The Sockeye market continues to strengthen on short supply. Expect continued supply shrinkage and rising prices.

coho salmon
 The harvest for 2012 is extremely disappointing. Many harvest locations are recording poor landings. As a result of the poor landings, prices remain extremely high and supply is very hard to find. Expect the market to remain firm and supply hard to locate.

tilapia
Chinese production typically increases to avoid winter hazards, so there are plenty of smaller fillet sizes available, while the supply of larger frozen fillets is somewhat tighter.

pink salmon Alaska salmon fishing is has ceased for the season, with total pink landings at 64,000,000 fish, 94% of forecast.

king crab
 The combined IFQ and CDQ quotas for Bristol Bay Red King Crab will total nearly 8 million pounds. St Matthew Blue King Crab will add another 1.6 million pounds to the supply. Larger sizes are expected to remain in demand while some adjustment is still possible for mid sizes.

snow crab
The market was driven higher by the shortage of larger clusters early in September. We are now seeing increases on prices on 5 up which are driven by good demand, as snow crab remains a value. However, Bering Sea quotas will drop to 66 million pounds this year, down by 25%.

dungeness crab
 High pricing and limited availability was the story for clusters and whole cooks in September. The next fishery is due in mid October with major supply not hitting markets until December.

langostino lobster
The last of the catching periods in Chile will begin this month, though demand continues to outpace supply.

halibut
Nearly 90% of the 24 million pound halibut quota has been taken. Market activity is increasing, but customers are looking for lower prices. Halibut deliveries in Alaska are dropping rapidly due to poor fall weather conditions.

swordfish
Availability of raw material has remained consistent but not overly abundant through the summer grilling season. Fishing effort continues steady, weather permitting. The outlook is for a steady market in the short term.

yellowfin tuna
 Demand remains strong against relatively short supply. Landings in traditional areas have fallen as expected, but for vessels with the range to find the schools it has remained relatively consistent. The outlook is for fair availability for the short term with uncertainty down the road.

mahi mahi
Overall supply is fair to good, and with the new season looming, the market is beginning to show signs of movement. The fleet in South America is looking to commence fishing this month, with buyers anxiously waiting to see what the new season will bring.

atlantic salmon
 Demand has remained consistent and strong even as the market shows signs of instability. Production numbers from Chile are strong, matching output levels attained prior to the ISA crisis. Outlook is for continued strong availability and a somewhat reactive market as a result.

sea bass
 Supplies are adequate but not overly strong at this time of year. Consistent landings in South America have kept the overall market stable. The outlook is for increased fishing effort as the winter season turns to spring and summer in the southern hemisphere.

surimi
The 2012 Alaskan Pollock B season fishery in the Bering Sea and Aleutian Islands is all but wrapped up. Reports to date show that 96% of the annual quota has been harvested. Market reports show prices in Japan and Europe are up 20% for both Pollock A

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