EP 545 | AIRED 07/05/2021
July 5, 2021--- This week we provide a Salmon Update as the Commercial Fishery for Alaska's Summer Salmon Season really gets underway.
--- The 2021 Pollock "B" season got underway in June, and although 45 percent of Alaska's Total Allowable Catch has already been harvested, the size of the Pollock being caught continues to be very small.
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--- Moving onto the twice frozen Pollock market in China and the situation is not any better as Customs in Dalian continues to intentionally slow down the flow of Russian Pollock entering the country and freight rates to North America continue to reach sky high.
Current raw materials pricing is around $1450 per metric tonne (or $0.70/lb USD) and has been at this range for the last few months however pricing could start to increase if the supply situation does not improve.
We have heard that some Russian boats are already selling at higher prices to plants in China but they need to bear the risk of products getting returned if COVID is found on the products.
--- Our recommendation is that if you see Pollock offers in the marketplace, that you secure it immediately.
If you are unable to secure any Pollock fillets, come talk to us about sourcing alternative sustainable whitefish products such as North Pacific caught Whiting fillets.
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