U.S. pollock sellers were the first to secure EU PBO contracts.

Industry insiders point out that European processors and large buyers are facing a difficult choice. A European trader revealed that although there are ample reasons to support a price increase in the market, major processing companies in France, Germany, and the UK are still trying to drive down prices. However, due to the preferential treatment of U.S. pollock under the European Union's autonomous tariff quota (ATQ) system, while Russian products must pay full tax, U.S. products have a price advantage in the European market. The market generally expects that the U.S. will be the first to finalize contracts, while Russia may continue to wait, hoping for higher spot prices. Currently, the price of U.S. boneless fillets has increased by about $50 per ton compared to the previous month, and by 16% year-on-year. The strong demand in Europe and stable consumption in the U.S. domestic market have jointly driven this price increase. The U.S. Department of Agriculture's procurement plan, ...