Tridge summary
In July 2024, the US saw a notable increase in the export of pollock fillets, with a 50% rise in value and a 64% rise in volume year-on-year, reaching 19,039 tonnes and $69.28 million respectively. The average price per tonne was $3,639, showing a decrease from the previous year but an increase in the last few months. The Netherlands is the primary trading partner for US frozen pollock fillets.
However, the sales of pollock surimi experienced little to no growth, with a 1% increase in both value and volume year-on-year, reaching $54.89 million and 21,848 tonnes respectively. The average export price was $2,494 per tonne, remaining the same year-on-year but decreasing compared to the previous month.
The improvement in US-China relations and trade barriers imposed by the EU on Russian and Chinese producers are contributing to the US's growth in the market. Despite a decline in surimi exports to South Korea, there was a slight increase in exports to Japan, and the US also increased surimi exports to other countries, likely due to restrictions on the sale of Russian surimi in Europe.
However, the sales of pollock surimi experienced little to no growth, with a 1% increase in both value and volume year-on-year, reaching $54.89 million and 21,848 tonnes respectively. The average export price was $2,494 per tonne, remaining the same year-on-year but decreasing compared to the previous month.
The improvement in US-China relations and trade barriers imposed by the EU on Russian and Chinese producers are contributing to the US's growth in the market. Despite a decline in surimi exports to South Korea, there was a slight increase in exports to Japan, and the US also increased surimi exports to other countries, likely due to restrictions on the sale of Russian surimi in Europe.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
09/25/2024 US pollock fillet exports in July 2024 were up significantly year-on-year in both volume and value. However, the same cannot be said for pollock surimi sales, according to Undercurrent News. According to data provided by the Undercurrent News price portal, the US exported 19,039 tonnes of pollock fillets in July 2024 for $69.28 million, up 50% year-on-year in value and up 64% in volume. The average price was $3,639 per tonne, down year-on-year but up sharply in the last few months. July is historically an important month for US pollock exports. The US Bering Sea pollock B season typically begins the previous month. This year, the B season began on June 10 and will end on November 1. As previously reported by Undercurrent, producers started the season by prioritizing the production of PBO fillets over surimi. This was due to weakening demand for surimi from Asian markets, especially Japan, the main export market for US surimi producers. The Netherlands remains the US’s ...
Source: Fishretail
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