The Alaskan pollock fishery is MSC-certified and is recognized worldwide for producing premium quality fish. (Photo: NOAA)
Alaskan pollock market update
(CANADA, 10/8/2010)
Supply Trends
* Russia and the US supply approximately 90% of the worlds’ pollock. The remaining 10% comes from Canada, Japan and China.
* Since 2000, Russian and US Pollock supplies have averaged 2.47 million metric tonnes (Figure 1).
* Pollock is Alaska’s biggest fishery and represents 30% of total US seafood landed by weight.
* Between 2000 and 2010, global pollock landings have fluctuated. Since 2007, increases (32%) in Russian quotas have offset decreases (35%) in Alaskan quotas (Figure 1).
Price Trends
* Alaskan Pollock ex-vessel prices increased 58% between 2003 and 2009 (Figure 2).
* Since 2002, wholesale prices have also increased (Figure 3).
* Between 2004 and 2009, production of H&G Alaskan Pollock increased 270%, while surimi production declined by 60%. This can be attributed to increased demand in China for H&G product and the fact that Chinese re-processors are willing to pay higher prices than Japanese surimi buyers.
Projections
* Recovery of cod and haddock stocks and increased aquaculture production of pangasius and tilapia create an increasingly competitive whitefish market. In fact, 2010 whitefish supplies are forecasted to be 18%, or 817,000 tonnes, over 2007 levels.
* The Alaskan pollock fishery is MSC-certified and is recognized worldwide for producing premium quality fish.
* Heightened demand for sustainable and high-quality products will prevent prices from dropping in the face of an increasingly competitive whitefish market.
Courtesy of Tradex
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www.seafood.media
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