EP 354 | AIRED 09/25/2017
Pink Salmon: What China Wants and What Alaska Is Offering
September 25, 2017 - Welcome to The Tradex Foods
"3-Minute Market Insight"
This is Robert Reierson and here is the seafood news for the week of September 25th, 2017.
--- Alaskan Pink salmon fishing has come to a close, after reaching peak harvests in August, while buyers continue to seek opportunities in the market.
Pink salmon harvests are significantly higher than the dismal year in 2016, with fishing peaking in early-to-mid August, similar to the last bumper year in 2015.
There is a still a big swing between what China anticipates paying for Pink salmon, and what many Alaskan processors are offering.
However, when it comes to pricing, many Alaskan Processors indicate sales to Asia on Headed and Gutted pink salmon ranging from $1.60 to $1.65 per pound.
Chinese buyers are looking for price points closer to $1.40 - $1.45 per pound on headed and gutted Pinks.
Pink salmon does appear to be relatively in strong demand despite the disparity - a few Alaskan vendors suggested shipping to the Ukraine as an alternate market.
Chinese processors are getting strong demand for value added products, heading into the New Year, and so the manufacturers are sourcing hard from Russia.
Russian Pink salmon is typically about 5 to 10 cents less per pound, but supply is quite short.
--- Domestically, current season good meat colour Headed and Gutted ocean run Pink salmon was in Seattle for $1.45 per pound last week.
On finished goods, IVP 1-1.5lb pink salmon fillets from Alaskan production is in the range of $4.20 - $4.25/lb in Seattle.
--- In the twice frozen market, Pink salmon portions are the strongest pricing we have seen in 3 years.
In 2015, twice frozen Pink salmon portions were on the West coast for between $2.80 and $2.85 per pound.
Last year portions jumped twenty cents as they approached the $3.05 mark.
Current pricing on twice frozen portions are in the range of $3.15 to $3.25 / lb.
We are seeing lots of demand on Pink salmon, both headed and gutted and on finished goods, but offers are limited to availability on the open market, which is slim.
--- Finally, our TradexLIVE offer of the week is for 2-3oz Sinbad Gold Pacific Cod Portions.
These are #1 Quality, naturally preserved, packed 1x10lbs in our 100 percent guaranteed Sinbad Gold brand.
We have 8,000 lbs available in Chicago at $3.04/LB USD.
Click or tap the icon above to view this offer.
----Thank you for joining me for the Tradex Foods
"3-Minute Market Insight"
This is Robert Reierson - “BUY SMART” and “EAT MORE SEAFOOD"
If you have a topic you'd like to hear on upcoming 3-Minute Market Insights, tweet us on Twitter @TradexFoods
Subscribe to our 3-Minute Market Insight