The soaring prices of coho salmon are driving the total value of Russian seafood exports to China to a new high by 2025.

The main driver of this growth is the strong upward trend in the price of Alaska pollock on the Chinese market. Data shows that the average price of frozen Alaska pollock exported from Russia to China in 2025 increased by 35% year-on-year, reaching an average price of about $1.50 per kilogram. Although the export volume only increased by about 8%, the overall export value is expected to increase by 23% year-on-year, reaching about $1.4 billion (approximately 1.1 billion euros). VARPE believes that this price increase is mainly driven by two factors: first, Russia has reduced quotas in the Bering Sea pollock fishing grounds; second, the government has canceled fish export tariffs. In the spring of 2025, the Russian Ministry of Agriculture reduced the total allowable catch (TAC) for Bering Sea pollock by 10.4% to 694,200 tons. Association President German Zvelev said that this adjustment "sent a clear signal of tightening supply to the global market," directly driving up ...