Signs of a trade war between China and Russia over pollack

Published Aug 19, 2021

Tridge summary

A report by the British think tank, Planet Tracker, predicts a potential trade conflict between China and Russia over pollock due to China's port closures from the pandemic. The report highlights Beijing's possible push for the right to fish for pollock in Russian waters, a move that could disrupt the pollock supply chain and potentially lead to a trade dispute. The Federal Agency for Fishery has already reported a 16% decrease in pollock harvest since the start of the year, totaling 1.24 million tons as of August 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Signs of a trade war between China and Russia over pollock? China, which is the main buyer of Russian pollock, can use the closure of its ports due to the coronavirus pandemic and obtain the right to catch this fish in Russia itself, according to the British think tank Planet Tracker. Beijing may pressure Moscow to obtain permission to fish for pollock in Russian waters. This conclusion is contained in the report on the pollock market Pollockonomics, published in July 2021, prepared by the British non-profit financial analytical center Planet Tracker. This organization was created to investigate the risks of market disruptions associated with environmental resources. Center specialists interact with institutional investors and analysts to achieve sustainable development goals. Research areas include food and land use, oceans and seafood supply. So, the report notes, the influence of the Middle Kingdom on the pollock supply chain became evident in early 2021. Due to the almost ...
Source: Fish Focus

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