Russia: Export price of popular fish reaches historic low

“We see that the export price of pollock has now reached a six-year low and has fallen to 2017 levels. This was caused by uncertainty in the global market caused by numerous restrictions on the supply of Russian fish and products made from it to the EU and the USA. Namely, these countries eat the most pollock. In particular, supplies to the US market are completely prohibited from 2023. In November 2023, the European Council excluded fish products from Russia, as well as products produced in other countries from Russian raw materials, from the autonomous tariff quota scheme for 2024-2026. From 2024, fish products made from Russian raw materials will be subject to a duty of 13.7%,” Buglak said. According to him, the UK is currently considering introducing a duty of 35% on products made from pollock of Russian origin. Now the price of Russian pollock fillet on the European market has decreased by 45% compared to the beginning of 2023, and the price of frozen pollock when supplied to ...