RUSSIAN FROZEN FISH PRICES REMAIN RELATIVELY STABLE
Russian frozen fish prices remain relatively stable. For the week from 20 to 26 July 2020, prices for frozen fish in the wholesale segment of the Russian domestic market were unchanged or declined.
In the Far East, the recovery in demand helped to strengthen prices for pollock (+ 2.7% over the week; -35.3% YTD) and herring (+ 3.6%; -1.7%, respectively). Cod prices dropped (-7.7%; -33.3%) due to excessive supply. Due to the low rates of salmon fishing, the dynamics of price formation for red fish is unstable.
In the Northwest, under the influence of an increase in the supply of fresh fish, Atlantic mackerel is getting cheaper (-6.0%; -9.4%). Prices for other popular types of frozen fish have remained stable.
Prices for mackerel decreased (-3.6%; -2.2%) in the central regions due to the supply of cheaper products from the fishing regions. Prices for other types of frozen fish remained stable.
Retail prices have slightly changed. In the period from 14 to 20 July 2020, the average level of consumer prices for frozen uncut fish increased by 0.1%. Compared to the beginning of this year, prices remain 0.3% lower.
In January-April 2020, the volume of exports of fish and seafood, compared to the same period in 2019, decreased by 4.5%, and its value – by 3.8%. Average contract prices for the main export item – frozen fish – increased by 1.0%.
The volume of imports decreased by 6.2%, and its value – by 0.3%. Average contract prices of imports for chilled fish and fillets decreased by 1.5% and 6.7%, but increased for frozen fish by 10.0%.