Russian pollock raw material prices continue to rise, expected to drop in December.

Multiple industry insiders stated that the current market focus is on the 2026 contract prices, with the extent of price pullback being a key factor in negotiations. The current pollock prices have risen to a ten-year high. During the Chinese Spring Festival (February 17 to March 3), the production capacity of secondary frozen fish fillets is relatively limited. After the Okhotsk Sea fishing season starts in January, H&G will increase supply, and prices are expected to fall. "Some Chinese factories have already stopped purchasing, they are waiting for the new goods in January," a Russian supplier told UCN, "There are not many offers in the current market, and transactions are not active." Another Russian seller said that a shortage of goods for a few buyers led to a short-term price surge, but the high price was not sustainable and did not receive continuous market support. 2026 first-quarter contract prices become the focus The aforementioned suppliers said that prices usually ...