Russian pollock catch hits record high, global supply chain changes have far-reaching impacts

Published Jan 20, 2025

Tridge summary

In 2024, Russia's pollock catches nearly reached full quotas in major fishing grounds, with the Sea of Okhotsk being a significant contributor. Despite a weak showing in the Bering Sea, the outlook for 2025 is positive due to high pollock resources in the Russian Far East. The total allowable catch for pollock in 2025 is projected to increase by over 7% from 2024, with the Sea of Okhotsk seeing a 21% increase in fishing quota. However, challenges such as changes in the global political and economic situation, ecological environment, and trade sanctions impact the fishery and its competitiveness in the global market. The dynamics of the global supply chain and the Chinese market's role offer opportunities and challenges for Russia's pollock fishery.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Russian Pollock Fishing Association (PCA), in 2024, Russia's pollock catches covered almost all the quotas of major fishing grounds. It is worth noting that pollock accounted for 41% of Russia's total catch. Increase in production in the Sea of Okhotsk has driven the birth of records The Sea of Okhotsk, Russia's largest pollock fishing area, contributed nearly half of the total catch. In 2024, pollock catches in the Sea of Okhotsk increased by 8% to 1.041 million tons. In addition, the Kuril Island chain near the Kamchatka Peninsula Fishing in the vicinity also saw a 21% increase, reaching 258,000 tons. These achievements were made thanks to the rich pollock fishing grounds in the Russian Far East. As PCA Chairman Alexi Buglak said: "The pollock resources in the Russian Far East are at a high level, so the catch continues to grow." However, despite the strong performance of most fishing grounds, fishing in the Bering Sea appeared to be relatively weak. In 2024, ...
Source: Foodmate

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