Seafood is by far Alaska’s top export and as it heads overseas, global politics play a big role in making sales sink or swim. That dynamic took center stage last week when Russia banned imports of foods for one year from the US, Canada, Europe, Norway and Australia in retaliation for sanctions imposed due to its aggressive actions in Ukraine.
It is a direct hit to Alaska, which last year exported nearly 20 million pounds of seafood to Russia, valued at more than $60 million. The primary product it hurts is pink and chum salmon roe; Russia is also a growing market for Alaska pollock surimi.
“After Japan, Russia is our largest market for salmon roe,” explained Alexa Tonkovich, International Program Director for the Alaska Seafood Marketing Institute (ASMI). “Japan takes about $125 million worth of salmon roe and Russian takes about $46 million (over seven million pounds). The next closest market is China at $20 million. And if you don’t have diversified markets for a product, you’re in a less powerful negotiating position and that impacts pricing.”
Also in play - the ban on Norwegian salmon means thousands of tons fish destined for Russia is displaced and has to find a home somewhere.
“And that is either the EU, the US, or possibly China or Brazil,” Tonkovich said, “and that impacts pricing for salmon overall.”
Russia is Norway’s third biggest salmon buyer - exports of farmed Atlantics in 2013 approached 300,000 tons, valued at $1.1 billion.
Russia’s ban also takes a bite out of Alaska pollock surimi exports, valued at over $8 million in 2013. But that market is much more diversified than Alaska’s salmon roe.
“There are good markets in Japan and Europe, and we see potential in Brazil for surimi products. So that may be a bit easier to absorb. The salmon roe is a pretty significant volume so I see a greater impact for salmon than for pollock.” Tonkovich said.
Frozen pink salmon also will be affected, said John Sackton. “In 2013, virtually no frozen pinks were sold to Russia, but in 2014 that jumped from less than $250,000 to $3.3 million,” Sackton said.
Read more: Alaska Fish Factor: $60 million Alaskan Seafood Exports to be Halted by Russian Ban - The Fish Site
It is a direct hit to Alaska, which last year exported nearly 20 million pounds of seafood to Russia, valued at more than $60 million. The primary product it hurts is pink and chum salmon roe; Russia is also a growing market for Alaska pollock surimi.
“After Japan, Russia is our largest market for salmon roe,” explained Alexa Tonkovich, International Program Director for the Alaska Seafood Marketing Institute (ASMI). “Japan takes about $125 million worth of salmon roe and Russian takes about $46 million (over seven million pounds). The next closest market is China at $20 million. And if you don’t have diversified markets for a product, you’re in a less powerful negotiating position and that impacts pricing.”
Also in play - the ban on Norwegian salmon means thousands of tons fish destined for Russia is displaced and has to find a home somewhere.
“And that is either the EU, the US, or possibly China or Brazil,” Tonkovich said, “and that impacts pricing for salmon overall.”
Russia is Norway’s third biggest salmon buyer - exports of farmed Atlantics in 2013 approached 300,000 tons, valued at $1.1 billion.
Russia’s ban also takes a bite out of Alaska pollock surimi exports, valued at over $8 million in 2013. But that market is much more diversified than Alaska’s salmon roe.
“There are good markets in Japan and Europe, and we see potential in Brazil for surimi products. So that may be a bit easier to absorb. The salmon roe is a pretty significant volume so I see a greater impact for salmon than for pollock.” Tonkovich said.
Frozen pink salmon also will be affected, said John Sackton. “In 2013, virtually no frozen pinks were sold to Russia, but in 2014 that jumped from less than $250,000 to $3.3 million,” Sackton said.
Seafood
is by far Alaska’s top export and as it heads overseas, global politics
play a big role in making sales sink or swim. That dynamic took center
stage last week when Russia banned imports of foods for one year from
the US, Canada, Europe, Norway and Australia in retaliation for
sanctions imposed due to its aggressive actions in Ukraine.
It is a direct hit to Alaska, which last year exported nearly 20 million pounds of seafood to Russia, valued at more than $60 million. The primary product it hurts is pink and chum salmon roe; Russia is also a growing market for Alaska pollock surimi.
“After Japan, Russia is our largest market for salmon roe,” explained Alexa Tonkovich, International Program Director for the Alaska Seafood Marketing Institute (ASMI). “Japan takes about $125 million worth of salmon roe and Russian takes about $46 million (over seven million pounds). The next closest market is China at $20 million. And if you don’t have diversified markets for a product, you’re in a less powerful negotiating position and that impacts pricing.”
Also in play - the ban on Norwegian salmon means thousands of tons fish destined for Russia is displaced and has to find a home somewhere.
“And that is either the EU, the US, or possibly China or Brazil,” Tonkovich said, “and that impacts pricing for salmon overall.”
Russia is Norway’s third biggest salmon buyer - exports of farmed Atlantics in 2013 approached 300,000 tons, valued at $1.1 billion.
Russia’s ban also takes a bite out of Alaska pollock surimi exports, valued at over $8 million in 2013. But that market is much more diversified than Alaska’s salmon roe.
“There are good markets in Japan and Europe, and we see potential in Brazil for surimi products. So that may be a bit easier to absorb. The salmon roe is a pretty significant volume so I see a greater impact for salmon than for pollock.” Tonkovich said.
Frozen pink salmon also will be affected, said John Sackton. “In 2013, virtually no frozen pinks were sold to Russia, but in 2014 that jumped from less than $250,000 to $3.3 million,” Sackton said.
Even before the ban, the troubled political climate had ASMI’s international team planning new and expanding market opportunities for Alaska seafood. At this point, Tonkovich said uncertainty rules the day.
“There is a bit of stress in the seafood industry right now,” she said. “Things are in limbo and it is hard to know how it will play out over time.”
- See more at: http://www.thefishsite.com/fishnews/23874/alaska-fish-factor-60-million-alaskan-seafood-exports-to-be-halted-by-russian-ban#sthash.nNV2L9JQ.dpuf
It is a direct hit to Alaska, which last year exported nearly 20 million pounds of seafood to Russia, valued at more than $60 million. The primary product it hurts is pink and chum salmon roe; Russia is also a growing market for Alaska pollock surimi.
“After Japan, Russia is our largest market for salmon roe,” explained Alexa Tonkovich, International Program Director for the Alaska Seafood Marketing Institute (ASMI). “Japan takes about $125 million worth of salmon roe and Russian takes about $46 million (over seven million pounds). The next closest market is China at $20 million. And if you don’t have diversified markets for a product, you’re in a less powerful negotiating position and that impacts pricing.”
Also in play - the ban on Norwegian salmon means thousands of tons fish destined for Russia is displaced and has to find a home somewhere.
“And that is either the EU, the US, or possibly China or Brazil,” Tonkovich said, “and that impacts pricing for salmon overall.”
Russia is Norway’s third biggest salmon buyer - exports of farmed Atlantics in 2013 approached 300,000 tons, valued at $1.1 billion.
Russia’s ban also takes a bite out of Alaska pollock surimi exports, valued at over $8 million in 2013. But that market is much more diversified than Alaska’s salmon roe.
“There are good markets in Japan and Europe, and we see potential in Brazil for surimi products. So that may be a bit easier to absorb. The salmon roe is a pretty significant volume so I see a greater impact for salmon than for pollock.” Tonkovich said.
Frozen pink salmon also will be affected, said John Sackton. “In 2013, virtually no frozen pinks were sold to Russia, but in 2014 that jumped from less than $250,000 to $3.3 million,” Sackton said.
Even before the ban, the troubled political climate had ASMI’s international team planning new and expanding market opportunities for Alaska seafood. At this point, Tonkovich said uncertainty rules the day.
“There is a bit of stress in the seafood industry right now,” she said. “Things are in limbo and it is hard to know how it will play out over time.”
- See more at: http://www.thefishsite.com/fishnews/23874/alaska-fish-factor-60-million-alaskan-seafood-exports-to-be-halted-by-russian-ban#sthash.nNV2L9JQ.dpuf
Seafood
is by far Alaska’s top export and as it heads overseas, global politics
play a big role in making sales sink or swim. That dynamic took center
stage last week when Russia banned imports of foods for one year from
the US, Canada, Europe, Norway and Australia in retaliation for
sanctions imposed due to its aggressive actions in Ukraine.
It is a direct hit to Alaska, which last year exported nearly 20 million pounds of seafood to Russia, valued at more than $60 million. The primary product it hurts is pink and chum salmon roe; Russia is also a growing market for Alaska pollock surimi.
“After Japan, Russia is our largest market for salmon roe,” explained Alexa Tonkovich, International Program Director for the Alaska Seafood Marketing Institute (ASMI). “Japan takes about $125 million worth of salmon roe and Russian takes about $46 million (over seven million pounds). The next closest market is China at $20 million. And if you don’t have diversified markets for a product, you’re in a less powerful negotiating position and that impacts pricing.”
Also in play - the ban on Norwegian salmon means thousands of tons fish destined for Russia is displaced and has to find a home somewhere.
“And that is either the EU, the US, or possibly China or Brazil,” Tonkovich said, “and that impacts pricing for salmon overall.”
Russia is Norway’s third biggest salmon buyer - exports of farmed Atlantics in 2013 approached 300,000 tons, valued at $1.1 billion.
Russia’s ban also takes a bite out of Alaska pollock surimi exports, valued at over $8 million in 2013. But that market is much more diversified than Alaska’s salmon roe.
- See more at: http://www.thefishsite.com/fishnews/23874/alaska-fish-factor-60-million-alaskan-seafood-exports-to-be-halted-by-russian-ban#sthash.nNV2L9JQ.dpuf
It is a direct hit to Alaska, which last year exported nearly 20 million pounds of seafood to Russia, valued at more than $60 million. The primary product it hurts is pink and chum salmon roe; Russia is also a growing market for Alaska pollock surimi.
“After Japan, Russia is our largest market for salmon roe,” explained Alexa Tonkovich, International Program Director for the Alaska Seafood Marketing Institute (ASMI). “Japan takes about $125 million worth of salmon roe and Russian takes about $46 million (over seven million pounds). The next closest market is China at $20 million. And if you don’t have diversified markets for a product, you’re in a less powerful negotiating position and that impacts pricing.”
Also in play - the ban on Norwegian salmon means thousands of tons fish destined for Russia is displaced and has to find a home somewhere.
“And that is either the EU, the US, or possibly China or Brazil,” Tonkovich said, “and that impacts pricing for salmon overall.”
Russia is Norway’s third biggest salmon buyer - exports of farmed Atlantics in 2013 approached 300,000 tons, valued at $1.1 billion.
Russia’s ban also takes a bite out of Alaska pollock surimi exports, valued at over $8 million in 2013. But that market is much more diversified than Alaska’s salmon roe.
- See more at: http://www.thefishsite.com/fishnews/23874/alaska-fish-factor-60-million-alaskan-seafood-exports-to-be-halted-by-russian-ban#sthash.nNV2L9JQ.dpuf
Read more: Alaska Fish Factor: $60 million Alaskan Seafood Exports to be Halted by Russian Ban - The Fish Site
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