EP 403 | AIRED 09/10/2018

Amidst US Tariff Talks, China Is Diverting Sales to EU

September 10, 2018 - North American buyers have been waiting since July for a decision by the Trump administration about Chinese import tariffs. It was believed that Chinese processing plants would lower pricing on products destined for the EU as American buyers demand lessened...

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2018 Alaska Salmon Commercial Harvest Counter

(Harvest in thousands of fish)

Chinook Chum Coho Pink Sockeye Total
Statewide Totals 236 18,187 2,997 39,383 49,983 110,786

Updated: MON SEP 10 2018 06:59 AM (View Previous Weeks Totals)

In speaking to our purchasing manager in Qingdao China, it appears prices to the EU have not begun to drop, yet.

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The most popular Chinese products sent to the European Union are whitefish and salmon, blocks and portions.

Pink salmon portions are around $9,500/mt CFR European main ports currently, up about $500 per metric tonne, or 5 percent from 2017 and 2016 pricing.

Fewer plants have the capital to purchase raw materials so there is less supply for Europe, which has driven Salmon pricing up a bit.

We have seen Russian Pollock raw materials increase slightly in the past month, so Pollock loin pricing to Europe are sitting between $4200 and $4400 per metric tonne.

This is up quite a bit from last year, when the Pollock loin market was 7 percent lower, about $3900 per metric tonne.

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--- Chinese processors do anticipate moving their focus to Europe, but Plants will still ship products to the USA as long as customer absorb the tariffs.

Production alternatives outside of China in markets like Vietnam or Thailand are minimal as key infrastructure is missing.

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We recommend keeping tuned into our upcoming market updates for updates on the European market as the year progresses.

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