Russia provides 99% of herring supplies to South Korea

Published Aug 20, 2024

Tridge summary

In July, Russia was the primary supplier of frozen Pacific herring, accounting for 99% of total imports, with minor contributions from Myanmar and Norway. Despite the high volume of imports, the total value dropped by 15% from the previous year to US$690,000. The cumulative import value up to July saw a significant decrease of 26% year-over-year, amounting to US$10.13 million. The average import price per kilogram rose by 17% to US$0.89, helping to mitigate the impact of the volume and value declines.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Frozen Pacific herring accounted for 2.2% of the total seafood imports of 511,277 tonnes. 99% of the frozen Pacific herring, or 11,355 tonnes, was imported from Russia, 57 tonnes from Myanmar and 6 tonnes from Norway. Import prices were US$0.89 per kilogram for Russian herring and US$1.63 per kilogram for Myanmar herring. The value of frozen Pacific herring imports in July was US$690,000, down 15% from the same period last year. The cumulative import value through July reached US$10.13 million, down 26% from US$13.67 million in the same period in 2023. The average import price was US$0.89 per kilogram, up 17% from last year's US$0.75 per kilogram. This price ...

Source: Fishretail