US pollock and Pacific cod exports soar due to Russian seafood ban

Published 2024년 8월 29일

Tridge summary

The U.S. ban on Russian-produced seafood, implemented on June 1, 2024, has led to a notable increase in imports of China's U.S. frozen Pacific cod and Alaska pollock. The second quarter of 2024 marked the highest import levels for both these products since 2018 and 2012, respectively. This surge is attributed to buyers seeking alternatives to Russian seafood. However, the long-term effects of the U.S. ban are the subject of industry debate, with concerns about potential global disruption to the fishing industry due to increased prices from U.S. processors and possible expansion of the embargo to other regions. The ban has been well-received in Alaska, where it has supported its seafood industry after a significant collapse last year.

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

Original content

Both species have seen significant increases since the U.S. ban on Russian-produced seafood went into effect on June 1, according to the latest data from trade portal UCN. China’s U.S. frozen Pacific cod imports in the second quarter of 2024 totaled just over 30.8 million pounds, or 14,012 tons. That’s the highest amount since the second quarter of 2018, when China imported nearly 38.4 million pounds of cod. Total frozen Alaska pollock exports also rose in the second quarter of 2024 to 47.5 million pounds, or 21,551 tons, the highest amount since the first quarter of 2012. Alaska’s frozen pollock exports in the second quarter of this year were a record high, based on data compiled by trade portal UCN over more than a decade. Sources told Undercurrent News that the increase was expected as buyers sought alternatives to Russian products in response to the US embargo on Russian seafood. For example, back in March, Genuine Alaska Mint Producers (GAPP) CEO Craig Morris told ...

Source: Fishretail