Russia struggles to find a market for pollock

Published 2021년 6월 23일

Tridge summary

The Russian seafood industry is facing challenges due to the decline in pollock catches and the refusal of China, a major importer, to accept Russian imports. As a result, the industry is shifting its focus to value-added products and seeking new markets. The Russian Fisheries Company (RFC), one of the country's largest pollock companies, is responding by increasing production of value-added products and expanding international partnerships. The RFC has also increased sales to the domestic market, which the government is supporting. The future of the Russian pollock industry hangs on its ability to adapt to these changes and improve utilization rates to increase catch numbers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Therefore, the Russian seafood industry has to find new markets for its products, and is forced to pay attention to Russia's seafood trade strategy in the future. The Russian pollock A crop started on January 1 and ended on April 10. The industry has 124 vessels, down from 2020, but due to a number of new vessels their overall productivity has increased. However, the total catch was 858,000 tonnes (MT), down 14% year-on-year. With a total allowable catch (TAC) in 2021 of nearly 1.996 million tonnes, utilization rate is just 73%, compared to 87% in 2020. The industry has changed dramatically, focusing on the production of fillets and minced pollock, compared with the previous focus on unprocessed pollock. Fillet production increased by 17% and minced fish production by 21%. The share of raw materials processed into fillets and minced was 24%, a significant increase year-on-year. Five onshore plants, built under an investment quota program initiated by the government, have ...

Source: Vinanet