EP 641 | AIRED 05/22/2023
Herring: Atlanto-Scandian Quota Down, Big Russia Harvest, Egypt Poland Germany Largest Norwegian Export Market, EU Fillet Market Strong
May 22nd, 2023 - This week, as a part of a mini-series on small pelagics - we report on Herring.
The two main species of Herring are Pacific and Atlantic where the larger producers are Norway and Russia.
Quotas for Atlanto-Scandian Herring this year was agreed at about 511,000 metric tonnes.
Russia harvested an incredible 590,000 last year which is 16 percent higher than the previous 5-year average.
The pulse on current catches are that Herring in the North Sea are small and lean and the fleets expect more activity in June.
Russian Herring fishing is said to be going very well.
Herring holds a significant position in the global seafood industry - primarily sought after for its high omega-3 fatty acid content.
Key markets for Russian Herring exports are China and the Republic of Korea with China accounting for 60 percent of Russian frozen Herring exports.
For Norway, Egypt has been the biggest export market for Herring followed by Poland and Germany.
Egypt has state-of-the-art smokehouses where they smoke both Herring and Mackerel - as such Herring (and mackerel) of better quality are now more in demand than before, and the market is increasingly discriminating when it comes to choosing quality products.
The Herring market is expected to witness steady growth in the coming years.
The fillet market in Europe is strong where the Norwegian Seafood Council has seen a nice increase in the important markets of Germany and Poland, not only in value, but also in volume.
As the demand for inexpensive small pelagic fish is expected to grow our recommendation is to develop a Small Pelagics program with Herring and Mackerel.
Contact your Tradex Foods Representative for information.
--- If you are not already, be sure to subscribe to our Weekly Seafood News Update using the signup form below.