Exports of processed pollock products from Russia to China in 7 months exceeded supplies for the whole of 2023

Published 2024년 9월 18일

Tridge summary

Russia has seen a significant increase in the export of processed pollock products to China, with seven-month exports reaching 32 thousand tons, surpassing the total exports of 2023. This increase is due to growing consumption of fillets and surimi in China, which has made Russian products more competitive. Despite this, the demand for frozen pollock in China is declining due to falling export prices for fillets and rising processing costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. September 18. INTERFAX.RU - In the first seven months of this year, the Russian Federation exported 32 thousand tons of processed pollock products (fillets, minced meat, surimi) to China, which is higher than the figure for the whole of 2023 - 26 thousand tons. This was announced by the President of the Pollock Catchers Association (ADM) Alexey Buglak at the international fishery forum in St. Petersburg. According to him, there has been an increase in the consumption of fillets and surimi on the Chinese market, which has led to a significant increase in supplies from the Russian Federation over the past two years. "At the same time, Russian products are displacing competitors' products. The increase in supplies is accompanied by a decrease in prices, including to gain a competitive advantage. This difference is partially offset by shorter and cheaper logistics," he said. Noting that China has always been a key export market for Russian frozen pollock, Buglak said that this ...
Source: Interfax

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