Russian pollock raw material prices are falling, and orders are scarce before the Spring Festival

Published 2024년 12월 24일

Tridge summary

A Russian supplier has announced a suspension of operations in anticipation of the Chinese New Year, which falls earlier this year than usual. The current price for pollock in China is around $1,200 per ton, while in Russia, it ranges from $1,120 to $1,130 per ton. Import data shows that China imported 449,585 tons of pollock from Russia in October, a decrease from the same period last year, with an average price of $978 per ton, nearly hitting a record low since 2017. Russia's pollock H&G production forecast for 2024 is 718,000 tons, a decrease from 736,000 tons in 2020, and is expected to rise to 763,000 tons in 2025. The market in 2025 is predicted to be influenced by US prices, which are expected to rise in the first quarter of 2025. However, slow sales in Germany at the current price of $2,580 per ton (excluding tax) may impact the price of new goods next year.

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

Original content

A Russian supplier said: "Chinese New Year will come on January 29, earlier than in previous years, so the processing plant will also stop working earlier. We have to wait until after the Spring Festival to see the order situation. The current price is $1,120-$1,130/ton. A senior executive of a Chinese processing company said that the current ex-warehouse price in the Chinese market is about $1,200/ton, and the CFR price for delivery at the end of January is $1,120-$1,140/ton. According to import data, China imported 449,585 tons of pollock (including H&G, whole fish, etc.) from Russia in October, lower than 547,855 tons in the same period last year, with an average price of $978/ton, almost setting a new low since 2017 ($948/ton). The forecast production of Russian pollock H&G in 2024 is 718,000 tons, lower than last year 736,000 tons in 2020 (Source: Russian Fisheries Company). The forecast for H&G production in 2025 is 763,000 tons and 102,000 tons of fillets. Russia believes ...

Source: Foodmate