Russian pollock raw materials have a rising price trend, and Russian companies are betting on the surimi market

Savely Karpukhin, CEO of Russian Fisheries Company (RFC), told UCN: "The current H&G price is about $1,000/t, which means that the price of second-frozen fish fillets in China is $2,300-$2,400/t (excluding tax), plus the 13.7% import tariff in the European market, the overall price is about $2,700/t." "By the end of this year, H&G prices may rise to $1,100-$1,200/t, mainly because the low price of fish fillets will theoretically drive some demand." Karpukhin said. From June 1 this year, the United States completely banned the import of Russian seafood (including Russian raw materials processed in third countries), resulting in an overall decline in the demand for fish fillet processing in China and other Asian countries. This year, the EU will no longer open an independent tariff quota for Russian products. Currently, fish fillets made from Russian raw materials are subject to a 13.7% tariff. "We expect that the demand for H&G in the Chinese market will increase by the end of the ...