Seafood Market

11/29/22

Market Alerts

Supply steady, pricing steady
Potential supply challenges or near-term price increases
Current supply challenges and price increases

WILD CAUGHT

King Salmon (Wild) – The Alaskan winter troll season is now open. Fish is very sporadic. The winter trolls are typically much more expensive than the summer trolls. Re-fresh product is now available. Customers are encouraged to notify Northern Fish regarding any refresh King volume.

Refresh Sockeye Salmon (Wild) – Bristol Bay produced record volumes this summer contributing to stable year over year pricing for refresh product. The Bristol Bay harvest should offset the lack of Russian product entering the United States.

Refresh Coho Salmon (Wild) – Frozen at Sea and refresh product is available now. Product is from Haida Gwaii, formerly known as the Queen Charlotte Islands, off the coast of British Columbia (BC).

Wild Halibut – The wild Alaskan Halibut season is ongoing. Halibut pricing has settled into somewhat of an equilibrium. The season closes early December. However, the Alaskan winter may lead many boats to wrap up early.

Rock Fish – Supply is steady. Primary catch area is British Columbia.

Dover Sole – Supply is somewhat erratic due to fishing conditions. Primary catch area is Oregon Coast.

True Cod – Supply is limited. Expect pricing to remain elevated. Customers are encouraged to look at our IQF fillets from the Bearing Sea as a more consistent alternative.

Ling Cod – Ling Cod is being harvested as bycatch from the ground fish fleet. Primary catch area is Neah Bay, WA, and Astoria, OR.

Black Cod – Supply is steady. Expect supply to become tight after December 1st. Sizing is running on the smaller side with very few fish available above 4 pounds in J-cut form.

Dungeness Crab – Frozen Dungeness section prices have adjusted lower as large volumes of eastern Canadian snow crab flood the market.

Snow Crab – Users of Snow crab will have to rely on product from Eastern Canada. That fishery produced in record numbers last winter and spring. There is plenty of product available.

King Crab users are out of luck. With sanctions on all Russian seafood and the closure of Alaska, customers do not have a direct replacement readily available. There is some product produced out of Norway. It remains to be seen if that product will reach the United States in any measurable volume. Of note, there is Russian product still floating around in the United States. This product arrived prior to the embargo.

AQUACULTURE

Atlantic Salmon (Farmed) – All sizes are in good supply. We expect pricing to adjust higher in December and January due to a couple farms going offline.

Steelhead, Norway (Farmed) – Product is available, and pricing is stable. Customers are encouraged to do a side-by-side comparison with farm raised product from the Columbia River.

King Salmon (Farmed) – Supply of Creative™ Farm Kings is stable. Fish size current ranges between 6-10 LBS. Primary harvest area is British Columbia.

Manila Clams – Supplies are stable. Primary harvest areas are Willapa Bay and North Puget Sound.

Oysters – Oysters supplies have fully returned to normal. Primary harvest areas are Willapa Bay and Puget Sound.