Russian pollock catch exceeds 750,000 tons, prices fall

Sage

Seafood

Market & Price Trends

Published Mar 19, 2024

Tridge summary

In 2024, Russia has set a quota of 700,000 tons for pollock in the Western Bering Sea and 342,500 tons in the waters north of Okhotsk. The Pacific herring quota in the waters north of Okhotsk is 310,000 tons. As a result of increased production, local seafood prices have dropped, with pollock prices decreasing by 23.2% since the start of the year. Russia's total capture fishery production has surpassed 1.14 million tons, a 7% increase year-on-year, with the Far East’s production reaching 964,000 tons, a 12% increase year-on-year.

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

In 2024, Russia’s total quota for pollock in the Western Bering Sea is 700,000 tons, and the quota for the waters north of Okhotsk is 342,500 tons; the quota for Pacific herring in the waters north of Okhotsk is 310,000 tons. Rosrybolovstvo said that with the increase in production, the overall price of local seafood has shown a downward trend. As of March 11, the price of pollock in the Far East fell to RUB 86/kg ($0.94/kg), down 6.5% from last week and down from the beginning of the year. Down 23.2%. The price of pollock in central Russia fell to RUB 115/kg, down 14.2% from the beginning of the year. Rosrybolovstvo data also pointed out that since the beginning of 2024, Russia’s total capture fishery production has exceeded 1.14 million tons, a year-on-year increase of ...

Source: Foodmate