May 7, 2014
Ripples from the Ukraine unrest are being felt on the Seattle waterfront, as fishing industry executives weigh how much whiting they'll actually catch: The quota is large but market conditions are not the best.
The 2014 quote for the popular whitefish, also called hake, is set for an unusually high 420,000 metric tons in the areas off the coasts of Oregon, Washington and western Canada.
With the season starting May 15, large catcher-processor vessels and open-water trawlers are outfitting to head out for a few weeks, said Dan Waldeck, executive director of the Portland-based Pacific Whiting Conservation Cooperative.
The problem facing the large fishing companies is that uncertainty about the Ukrainian economy, and about the exchange rate between the dollar and the Ukrainian currency, is creating uncertainty about how many fish will find a market and for what price.