Russia: Pollock export price reaches six-year low

Published 2024년 5월 30일

Tridge summary

Russian pollock export prices have hit a six-year low due to restrictions from EU and US, reaching levels last seen in 2017. These restrictions, including a 13.7% duty on fish products made from Russian raw materials in the EU and potential 35% duty from the UK, have led to a significant decrease in prices in these markets. However, the president of the pollock fishermen’s association, Alexey Buglak, is optimistic about the prospects for expanding pollock sales in Southeast Asia, Africa, South America, and CIS countries. The Maritime Congress - Far East, a business event aimed at developing the maritime industry, is being held in Vladivostok and is supported by various government agencies and the Primorsky Territory government.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Export prices for pollock for Russian fishermen have reached their lowest level since 2017, Alexey Buglak, president of the pollock fishermen’s association, told TASS on the sidelines of the first Maritime Congress in Vladivostok. This is the result of restrictions imposed against Russia by European countries and the United States. “We see that the export price of pollock has now reached a six-year low and fallen to the level of 2017. This was caused by uncertainty in the world market caused by numerous restrictions on the supply of Russian fish and products made from it to the EU and the USA. And these are the countries that eat most of all pollock. In particular, from 2023, supplies to the US market are completely prohibited. 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 ...
Source: Kvedomosti

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