Global Sockeye production this year is forecast to be down 31 percent when compared to 2022, in large part due to Bristol Bay's record breaking Sockeye harvest - otherwise the season should look similar to 2021.

Globally, 156,000 metric tonnes - 344 million pounds - or 71 million Sockeye were harvested in 2021.

The level of remaining 2022 inventory will influence prices for Alaska Sockeye in 2023.

U.S. retail trade data show consumer prices for Sockeye Salmon dipped in late 2022 early 2023, and the price premium for wild Sockeye compared to farmed Atlantic Salmon narrowed.



Sockeye (alongside Chinook) kicked off the Alaska Summer Salmon Season with the prominently marketed Copper River Salmon in May.

With over 500,000 Sockeye already harvested, the pace of this year's fishing is considered good and the peak of the Sockeye harvest in Alaska should happen between the last week of June and the third week of July.

Alaska's Sockeye forecast is for about 48.2 million fish, 246 million pounds, or 111,000 metric tonnes.

Although it is highly unlikely we'll match last year's record Alaska Sockeye harvest - in the previous 3 odd-year seasons, Alaska has always harvested about 20 percent more Sockeye than forecasted.

Russia's Salmon Season started June 5th with 35,000 metric tonnes forecasted and Russia has always harvested more or close to the forecast in the previous 3 odd-years.

Our recommendation is to wait and hold as there is plenty of inventory available at lower prices.



Buyer beware of some major Alaska processors and their quality from last season.

The pricing outlook for all Salmon species is uncertain due to the amount of Salmon remaining in freezers globally.



Our pulse is that all species will see strong pricing out of the gates, but then weaken quickly.

Start talking to your Tradex Foods Representative about your Summer Salmon Program and stay tuned for more upcoming Salmon updates by subscribing to our 3MMI.



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