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Industry

Industry

Stories from the KUCB Newsroom on the topic of business and industry.
  • Pollock processors. Sarah Hansen/KUCB
    Sarah Hansen
    /
    KUCB
    A price collapse in 2023 bodes ill for the seafood industry, the report said. Because of inflation, consumer demand dropped, notably in the United States, where it fell below pre-pandemic levels. There was a large amount of 2022 harvested fish leftover as inventory, making wholesalers and retailers less inclined to buy fish in 2023, and the global supply of key species like pink salmon and pollock increased dramatically, notably from Russia but also in Alaska, the report said.
  • King Cove August 2023
    Theo Greenly
    /
    KUCB
    The city of King Cove is worried about the future after its seafood processor announced earlier this month that it will cease operations. The plant, formerly owned by Peter Pan Seafood Company, is the economic engine of the community on the Alaska Peninsula. A new owner will take over the processing plant, but it’s unclear when the facility will reopen. Kirsten Dobroth is the Alaska reporter for Undercurrent News, which is a commercial fishing and seafood industry trade magazine. She’s been reporting on what this means just ahead of salmon season.