EP 634 | AIRED 04/03/2023
China/Russia: Range Expansion of Value-added Seafood; Momentum Shifting from Raw Materials Exports
Apr 3rd, 2023 - There is an expansion of the range of value-added products China imports from Russia that goes beyond just raw materials.
Although the bulk of the products imported continues to be pollock, herring, salmon, cod, flounder, haddock, crabs, shrimp, and squid.
The momentum of Russian fish exports is increasingly moving away from raw materials exports.
The range has expanded into fillets, minced meat, canned and other finished products from an expanding range of species including herring, sardines, sardinella, sprats, salmon, and crabs.
Leading pollock fishing and processing company Russian Fishery Company is reported to have contracts to supply China with more than 5,000 metric tonnes of Pollock fillets.
In 2022, Russia exported 566,000 metric tonnes of domestic fish products worth $1.5 billion to China - and the two countries continue to expand their cooperation in the seafood industry, with successful negotiations of oceanic resources in border waters and scientific research of sturgeon and salmon species.
Russia’s strategy to diversify away from a reliance on oil and gas and into seafood production has helped to offset some of the supply disruptions caused by the Russian-Ukraine war.
Although a primary war-related factor affecting seafood supply is the disruption of trade routes and transportation infrastructure, the full extent of the impact is difficult to measure.LENT IS HERE!
If your seafood sourcing policy now prohibits the use of Russian-origin seafood, we recommend you work with a supplier like Tradex Foods that can provide full traceability and transparency.
Tradex Foods is able to trace back the origin of every single pound of seafood produced, as a part of our Sustainability System that has led us to achieve a 100 percent Sustainability Rating Score for a third consecutive year.
Lent runs from Feb 22nd to April 6th 2023.
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