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3-Minute Market Insight

EP 455 | AIRED 09/16/2019

3MMI - 2019 Coho Salmon Market Update

September 16, 2019 --- In this week's episode we report on what's happening in the Coho Salmon Market. If you're looking for frozen new season Coho Salmon offers right now - good luck. Most of the catch has been destined for the fresh market so far this year with grocery chains pinning down all the product.

2019 Alaska Salmon Commercial Harvest Counter

(Harvest in thousands of fish)

Chinook
253
Chum
16,915
Coho
3,238
Pink
124,292
Sockeye
55,280
Total
199,978

Updated: September 16, 2019 8:00am (View Previous Weeks Totals)

And if you can find new season frozen Coho be prepared to pay a premium.

The market is just not seeing enough Coho's flow through even though the 2019 Alaska Salmon season is on track to be the 8th largest harvest since 1975.

SINBAD Platinum Coho Salmon

In Alaska, current harvest totals are for Coho are about 3.1 million fish which is 14 percent below the 3.6 million caught in 2018 and 29 percent below the last odd year in 2017 of 5.1 million fish harvested.

Coho landings have started to show a slower pace as we pass the peak harvest weeks for Coho's in Alaska.

--- Moving down the coastline to British Columbia Canada, the BC Salmon fishery is not seeing the same success with many closures to Fraser River Salmon - to some even saying this season is a complete disaster.

Over 90 percent BC's Coho harvest typically happens along the North Coast in TROLL Salmon Area F.

Amongst all the closures, Area F re-opened on August 7th and will remain open until September 30th however Coho harvest are expected to drop off to near zero for the remainder of September as fleets have started departing the area.

Total catch-to-date for Coho's in Area F is estimated to be 176,500 fish this season.

Pre-season expectations for Area F Coho catch were between 140,000 and 180,000 fish.

In the 2018 season, Area F Coho catch was just under 180,000 fish and for the 2017 season just over 350,000 Coho's caught in Area F.

This Weeks Sponsored Message:

SIBNAD, SINBAD Gold, SINBAD Platinum

--- Moving south down the coastline a little more we have the Washington Coho Salmon Fishery.

2019 preliminary pre-season run size forecast are for 476,400 Coho's.

Comparing to the last odd year's actual run size, 2017 saw 390,000 Coho's, and 2018 saw a run size of about 200,000 fish.

--- Now for a quick little history lesson on Commercial Coho Fisheries for Oregon and California.

--- California has not seen a commercial Coho Salmon fishery since 1995.

Coho stocks in California are still in decline and even local extinction in some locations where they are Federally listed under the Endangered Species Act as well.

SINBAD Gold Coho Salmon

Causes for these declines are largely human related and can be divided into four broad categories.

(1) loss of suitable habitat, (2) interaction with hatchery fish, (3) overexploitation and (4) climatic factors.

--- In Oregon, there is essentially a minimal to non-existent ocean troll Salmon fishery for Coho Salmon.

Although hatchery numbers are expected to be big this year, Oregon Coast Natural or OCN Coho, are actually listed as threatened under the Endangered Species Act.

Secondly, there a long standing sharing agreement for Coho between the recreational and commercial troll fishery.

The commercial troll fishery gets all the Coho impacts needed to proceed with their Chinook target fishery.

Then the recreational fishery essentially gets impacts needed to access essentially the first 200,000 coho retained catch in a coho target fishery.

This season the South of Cape Falcon recreational seasons were allowed the harvest of 90,000 fin-clipped coho and 9,000 non selective coho in September, for a total of 99,000 Coho.

That does not meet the lower threshold to allocate Coho to a commercial troll fishery.

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