News

Russia will not replace Japan in the Chinese seafood market

Russia
Published Sep 5, 2023

Tridge summary

Russia is the largest exporter of fish products to the Chinese market, accounting for 70% of exports. In the first six months of 2023, Russia delivered 617 thousand tons of products to China, with Chinese buyers showing increasing demand for pollack surimi and other deep processed products. While Russia is benefiting from the ban on Japanese seafood due to radioactive contamination concerns, it cannot fully replace Japan's share in the fish products market as Japan primarily supplied seafood such as scallops, while Russia focuses on herring, cod, pollock, and crab.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Russia supplies 70% of exports of fish products to the Chinese market, according to the FGBU "Agroexport" with reference to the commentary of the Federal Agency for Fishery. In 2023, Russia ranked first in terms of supplies among exporters of this type of product, having delivered 617 thousand tons of products in the first six months, the agency said. The demand of Chinese buyers for pollack surimi and other products of its deep processing is growing - Russian products are cheaper than surimi from the United States, therefore, in conditions of economy, consumers are reorienting themselves to domestic exports. But Russia will not be able to occupy Japan’s export niche in this market. As experts explained, the opportunity to take Japan's share in the fish products market in China appeared after Japan decided to drain water from nuclear power plants. Some ...
Source: Fishretail
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