Russia: Fishing industry experts have proposed zeroing out export exchange duties on pollock products

Frozen Whole Alaska Pollock

Published Mar 6, 2024

Tridge summary

Russian fisheries are seeking to eliminate export exchange rates for certain fish products, including pollock, due to a significant market downturn. The price of Russian fillet has dropped by 36% since December 2022, and the exclusion of pollock fillets from the non-tariff EU quota system has led to a 13.7% import duty, increasing costs for exporters. The Russian government is planning to adjust Resolution No. 1538 to increase the competitiveness of Russian fish products globally, focusing on fish types currently experiencing significant losses. The aim is to develop alternative sales markets without harming the domestic market.

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Original content

They called the situation on the pollock market dramatic Moscow. 5th of March. INTERFAX.RU - Russian fisheries producers propose zeroing out export exchange rates for certain types of fish and fish products. This issue was discussed at a meeting of the RUIE Commission on Fisheries and Aquaculture on March 5. We are talking, first of all, about pollock - the main fishing resource in Russia. As Alexey Buglak, president of the Association of Pollock Harvesters, said at the meeting, the situation on the pollock market is extremely difficult, “I even agree that it is dramatic.” And not only for pollock fillets, surimi, minced meat, but also for all major export types of pollock products. According to him, the price of Russian fillet has been declining throughout last year. At the end of the year, it fell by 36% compared to December 2022. “As far as I know, at the moment, not a single contract for the supply of Russian fillet this year to the European market has been concluded,” he ...

Source: Interfax