More than any recent year in memory, the 2014 Bristol Bay season has the potential to produce "major ripple effects" for years to come, according to the latest report from market watcher McDowell Group.
With the emergence of Silver Bay Seafoods in Bristol Bay with its new Naknek plant, and Extreme Seafoods, which took over the Bay Watch plant, competition for fish is heating up among processors, creating uncertainty.
McDowell Group Seafood Project Manager Andy Wink said there's three major factors at work creating the murky market, including increasing exports of Russian sockeye, projected harvests from the Fraser River in Canada, and farmed salmon prices.
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