Peter Pan Seafoods ups base price to $1.25 a pound for Bristol Bay sockeye
Peter Pan Seafoods has raised its base price for Bristol Bay sockeye to $1.25 a pound.
The company announced an initial base price of $1.10 in June, before fishing began.
The processor told its fleet it was upping the base price to $1.25 on Saturday the day after OBI Seafoods set its base price for that amount.
Travis Rowenfanz, the Bristol Bay manager for Peter Pan, said the company upped its price to compete with other processors.
“There were some other rumors out there that the other base prices were going to be posted at $1.25, so we wanted to make sure that we were competitive. So we bumped up to $1.25 to match what we were hearing out there in the other industry sectors,” Rowenfanz said on Monday.