Russian pollock prices continue to fall

Recently, the price of Russian pollock raw materials has continued to decline, especially in the 51st week of 2024, the CFR China price of 25+ headless and gutted (H&G) raw materials has fallen to between US$1,120 and US$1,150 per ton. As the Spring Festival approaches, market orders are scarce, and the pressure on suppliers and processing companies is gradually emerging. A Russian supplier pointed out that this year's Spring Festival will come earlier on January 29, causing Chinese processing plants to stop working early, further reducing orders. He said that the current price of H&G raw materials is 1,120 to 1,130 US dollars, and we need to wait and observe the recovery of market demand after the Spring Festival. At the same time, executives of Chinese processing companies revealed that the current domestic market ex-warehouse price remains at around US$1,200 per ton, while the CFR price delivered at the end of January fluctuates between US$1,120 and US$1,140. Although prices ...