German processing plant resumes purchases of Russian pollock

Published Apr 24, 2024

Tridge summary

In response to the US expanding trade sanctions on Russian seafood, Trident's German subsidiary, Pickenpack, announced it will cease processing Russian pollock raw materials from 2023, affecting the European market by widening the price gap between American and Russian pollock. This move, aimed at promoting Alaskan wild seafood and offering diversified solutions, comes amidst challenges such as the US ban on Russian seafood processed in China, which has led to a premium for US domestic pollock fillets. European processors like Frosta and Nomad Foods are struggling to eliminate Russian raw materials quickly, adjusting to customer preferences and seeking alternative sources to reduce reliance on Russian fish.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last December, the United States announced the expansion of trade sanctions on Russian seafood imports, excluding all Russian raw materials processed in third countries. Trident was one of the staunch supporters. Its German subsidiary Pickenpack will suspend the processing of Russian pollock raw materials from 2023. Since the beginning of this year, the price gap between American pollock and Russian raw materials has continued to widen in the European market. The price of Chinese secondary frozen fish fillets and Russian single frozen fish fillets has shown a linear downward trend, while the price of American single frozen fish fillets has risen in the opposite direction. If Pickenpack insists on not using Russian raw materials, it will be difficult for it to gain a place in the bidding of European retailers. A spokesperson for Pickenpack told UCN: "The company will continue to promote wild seafood from Alaska, USA, and at the same time provide "We provide customers with ...
Source: Foodmate

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