Herring fillet production in the Far East reaches record high

Published 2024년 8월 8일

Tridge summary

In the first seven months of 2024, herring fillet production in the Far East has hit a record high of 40 thousand tons, as reported by the Fish Union's analytical center to TASS. This surge in production is primarily due to an increase in domestic demand, which is part of a broader strategy of import substitution, and a decrease in the catch and import of Atlantic herring. The price of Pacific herring fillets, which can be 15-20% lower than that of Atlantic herring fillets, has played a significant role in this shift. Since the beginning of the year, the herring catch has risen by 18% to 292 thousand tons. As a result, the market is expecting a decrease in prices due to the high availability of herring fillets in bulk in the Far East.

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Original content

It amounted to 40 thousand tons in the first seven months of 2024 The volume of herring fillet production in the Far East has reached a record amid growing domestic demand, the analytical center of the Fish Union told TASS. "The production of Pacific herring fillets for the first seven months of 2024 reached 40 thousand tons, which is a record figure and exceeds the production volume for the entire last year," the report says. The growth in the production of Pacific herring fillets is explained by an increase in domestic demand amid import substitution, as well as a reduction in the catch and import of Atlantic herring, the union explained. Since herring fillets are a mass-market product, their price has a decisive influence on the state of their sales. The price of Pacific herring fillets in bulk can be 15-20% lower than that of Atlantic herring fillets, even taking into account transportation. Therefore, in the last two or three years, there has been a process of import ...

Source: Specagro