Rising prices causing growth of export of Russian pollock to China

By the end of February 2007 take-up of Alaska pollock quotas in the Sea of Okhotsk amounted to 46.5% against 42.3% last year. Early fishery progressing to such a high level is attributed mainly to increasing interest in supplies of headed and gutted APO to China, informed sources in Vladivostok told http://www.fishnet-russia.com/.

Chinese buyers are ready to pay up to 1500 USD per tonne of headed and gutted Alaska pollock in order to compensate their losses caused by lack of raw APO supplies in the recent months.

Though the fishing efforts on the grounds of the Sea of Okhotsk in February 2007 were nearly 40 ships down as compared to the same month last year, the catch rates were considerably higher. The Average daily harvest of Alaska pollock was close to 6000 tonnes while last year it was below 5000 tonnes.