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    Home > Food News > Food Articles > The price of raw materials for Russian cod has accelerated, and the September season will come to an end

    The price of raw materials for Russian cod has accelerated, and the September season will come to an end

    • Last Update: 2022-09-06
    • Source: Internet
    • Author: User
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    Price Chinese fish
     
    A Russian supplier said that the recent price of 25cm+ H&G (CFR China) rose to $1,650-1,700/ton, up about $300/ton from March, because China's demand is too large, importers must pay 100% cash to ensure the delivery speed
    of raw materials.
    Taking into account the rapid cash-out characteristics brought by raw materials, more and more Russian suppliers have increased the export
    of H&G products.
     
    "In China, buyers do everything possible to ensure a stable
    input of raw materials.
    September will be the last month of cod fishing in the Bering Sea, after which the winds at sea will become stronger and stronger
    .
    He added
    .
     
    "H&G prices have risen rapidly in recent weeks, and another reason is the contraction in production, as most Russian vessels are beginning to prepare for herring and salmon catches
    .
    " Another Russian industry insider said
    .
     
    "In the past few weeks, H&G prices have risen by $100/ton, and after the reopening of the Dalian processing plant, the production capacity has gradually increased
    .
    Every product produced in China can be sold smoothly, and demand is increasing
    .
    A Chinese processing industry source said
    .
     
    In the first quarter, China imported 142,000 tons of frozen cod (only 21,764 tons in the first quarter of 2021), mainly from Russia, with the restart of dalian processing industry, the import volume of raw materials of cod rose month by month, and imports reached 340,000 tons
    in the first half of the year.
     
    On the other hand, in the context of strong demand in Europe and the United States, Chinese processing companies are also pushing the price of finished products accordingly to offset the rise in
    raw materials, labor and energy costs.
     
    Sources said that the current European price of secondary frozen fish fillets exported by China is about $4,500/ton, almost the same as that of Russian PBO single frozen fish fillets ($4,500-$4,700/ton), and the price of single frozen fish fillets in the United States is about $5,000-$5,200/ton, which is $500/ton
    higher than Russia.
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