Russian pollock raw material prices are falling, and orders are scarce before the Spring Festival

A Russian supplier said: "Chinese New Year will come on January 29, earlier than in previous years, so the processing plant will also stop working earlier. We have to wait until after the Spring Festival to see the order situation. The current price is $1,120-$1,130/ton. A senior executive of a Chinese processing company said that the current ex-warehouse price in the Chinese market is about $1,200/ton, and the CFR price for delivery at the end of January is $1,120-$1,140/ton. According to import data, China imported 449,585 tons of pollock (including H&G, whole fish, etc.) from Russia in October, lower than 547,855 tons in the same period last year, with an average price of $978/ton, almost setting a new low since 2017 ($948/ton). The forecast production of Russian pollock H&G in 2024 is 718,000 tons, lower than last year 736,000 tons in 2020 (Source: Russian Fisheries Company). The forecast for H&G production in 2025 is 763,000 tons and 102,000 tons of fillets. Russia believes ...