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"The dominoes are falling", the United States bans the import of Russian seafood, and the Chinese processing industry will be implicated

 Last Update: 2022-04-17
 Source: Internet
 Author: User

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Several U.
S.
industry insiders said that Biden’s ban covers Russian-origin cod and salmon processed and exported by China .

U.
S.
President Joe Biden signed an executive order suspending imports of Russian oil, seafood , alcoholic beverages and non-industrial masonryfrom March 25 and canceling Russia's "most-favored-nation" status .

U.
S.
Customs and Border Protection (CBP) released a message saying that products delivered before March 11 can still enter the U.
S.
market, but that Russian-origin seafood "will be subject to further notice before being authorized for direct delivery
.
"

According to the U.
S.
Oceanic and Atmospheric Administration (NOAA), the U.
S.
imported 48,867 tons of seafood from Russia in 2021, valued at $1.
2 billion; the top imports included frozen snow crab (18,799 tons, $509 million) and frozen king crab (8,486 tons, $419 million), Russia is also the eighth largest seafood supplier to the United States
.

　　In addition, a large number of Russian pollock raw materials are transported to China for processing, made into value-added products and then exported to the United States, and become the main product of pollock imported to the United States
.
In 2021, the United States imported 31,890 tons of pollock valued at $96.
6 million, of which 25,544 tons came from China, valued at $74.
9 million
.

　　Many in the industry believe that Biden's executive order covers the scope of sanctions or includes Russian-produced pollock processed in China
.

　　Dan Sullivan, Republican of Alaska, said: "We have communicated with the United States Trade Representative (USTR) and our goal is to ban both Russian-origin and Chinese-processed Russian-origin pollock
.
We know this issue is unique, but we To clarify whether it is of Russian origin, the origin is important
.
If Russian pollock is sent to China for processing, which in fact a lot of people do, it is still subject to tariffs and blockades
.
”

　　"Our interpretation is that Biden's executive order covers Russian whitefish and salmon processed in China," Joe Bundrant, CEO of Trident, a major U.
S.
aquaculture company, told UCN during the Boston show
.
"So Trident will be prepared for all scenarios
.
"

　　“However, because we are a vertically integrated company, the situation is special, we have our own raw materials, and we also have value-added processing plants
.
Although, (Biden’s order) has a profound impact on the US processing industry, it is necessary to completely get rid of the Russian raw material supply.
The cost of the chain will be huge, because in the eyes of many people, the Chinese model of processing and re-exporting is deeply ingrained, and a cycle is as long as nine months
.
” Bundrant said
.

　　"If it's a product that has already been paid for, there's uncertainty
.
Some US factories do need secondary frozen products from China, and what will happen if they can't be shipped to the US? McDonald's has closed 850 restaurants in Russia, which means a There's a lot of pollock fillets looking for new buyers, what's the impact if they go elsewhere? I think it's a chain reaction that no one can fully quantify, the dominoes are falling, and you don't know what's going to happen what happened
," Bundrant said
.

　　In response to Biden's executive order, Southwind Foods, another U.
S.
processor, has begun preparations
.
Sam Galletti, president of Southwind, told UCN: “Because of the Ukraine problem, we have reduced our purchases from China
.
From now on, whenever we import from China, we have to know the origin information
.
Because our customers Kroger, Sysco and Whole Foods Other supermarkets and supply chains are boycotting Russian products
.
”

　　“So we decided to stop sourcing from Russian ships, from Russian ports or from Russian factories
.
It has to be American, or from another country
.
We know our customers very well and they won’t compromise on products, so we have to advance Adjust your strategy
," Galletti said
.

U.
S.
China exports cod salmon

U.
S.
President Joe Biden signed an executive order suspending imports of Russian oil, seafood , alcoholic beverages and non-industrial masonry 　　from March 25 and canceling Russia's "most-favored-nation" status .

Import of seafood

　　Many in the industry believe that Biden's executive order covers the scope of sanctions or includes Russian-produced pollock processed in China
.

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