The price of Russian pollock has soared to its highest level in nearly a decade, with Chinese buyers intensifying their stockpiling efforts ahead of the Spring Festival.

This week, the spot price for Russian H&G herring over 25+ specifications has increased by $20 per ton compared to last week, with multiple industry sources indicating that the price range has widened from the previous week, with a price difference of $60 per ton from the low to the high end, but the main transactions are concentrated at the high end. The current spot price is generally around $1,720 per ton. Market insiders pointed out that the bulk long-term contract prices for early 2026 are already $220 to $270 per ton higher than the average level in the first quarter of 2025, indicating that the overall price will continue to rise in the new year. A Russian supplier revealed, "The price will definitely fall back, but the key is when and from which price point. After communicating with several Chinese customers, they generally believe that it will not drop before the Spring Festival." Since the Chinese Spring Festival in 2026 is later (from February 17 to March 3), it is ...