The spot price of Russian pollock has reached a record high, and sellers are delaying signing contracts and locking in prices in anticipation of further increases in 2026.

According to price assessment data, the landed price (CFR China) of 25+ spec Russian pollock headless and gutted (H&G) frozen fish reached the highest level for the same period on record in the 51st week. The price assessment, which dates back to early 2005, shows that the current market situation is rarely seen in the past twenty years. Sources revealed that the current market discussion for delivery in January-February 2026 is approximately $165/ton lower than the spot price, while the contract price difference for March can reach $265/ton. However, many sellers are still unwilling to sign contracts, preferring to continue selling on a spot basis. "In general, we are now selling raw materials for season A, which is very rare at this point in time," said a Russian pollock exporter. He added, "Some Chinese customers proposed to sign fixed-price contracts for 5,000 to 10,000 tons, but we refused. We will follow the market price." Another Russian exporter believes that the current ...