Record Pinks creating market glut

JUNEAU (AP) — State officials say Alaska's record pink salmon harvest in 2013 could create a market glut that will drive prices down for several years.

The state Division of Economic Development sees a glut in supply after the 2013 harvest, bringing downward pressure on prices, KFSK-radio reported.

“The 2013 pink harvest was the largest on record,” said division director Joe Jacobson before the House Fisheries Committee this month. “It's led to a glut of supply and it will probably, there will be downward pressure on prices because of it. And it's really been a pretty tremendous impact.”

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