North American Market Update regarding Halibut, Pollock, and Cod

Leading up to Lent Season, the local supply of halibut, pollock, and cod, twice frozen, lightly treated fish, is tight. Distributors are seeing 20% growth year over year on the value-added fish. The raw material supply is recovering in China, but most plants are still not operating at total capacity with Covid-19 restriction. There are rumors that Russian fisheries may be removed from the MSC label. This will force processors to only buy Canadian/Alaskan/Pacific raw material and put much more pressure on cod, halibut, and pollock. The pacific halibut fishery is underway this week, and boat prices will be established next week.