RUSSIAN FROZEN FISH PRICES VOLATILE

Russian frozen fish prices volatile. From 11 to 17 January, the dynamics of prices for frozen fish in the wholesale segment of the Russian domestic market showed multidirectional trends.

In the Far Eastern region, an increase in supply from the fishery and problems with the sale of finished products due to quarantine restrictions in China provide a reduction in the cost of pollock (72 rubles / kg, -6.5%) and herring (65 rubles / kg, -4.4% ). Prices for other types of frozen fish have not changed.

In the North-West, while export demand was expected to resume, prices for cod (RUB 200 / kg, + 1%) and haddock (RUB 135 / kg, + 1.5%) slightly strengthened. The demand in the domestic market and the rise in prices for similar imported products contributes to the rise in prices for Atlantic mackerel (145 rubles / kg, + 3.6%) and herring (80 rubles / kg, + 3.9%).

In the central regions, the dynamics of prices for pollock (93 rubles / kg, -2.1%) and mackerel (157 rubles / kg, + 1.3%) was influenced by changes in selling prices in the fishing regions, however, a significant level of commodity stocks unsold products neutralised price fluctuations. Prices for other types of frozen fish have not changed.

Retail prices are showing growth. In the period from 1 to 11 January, the average level of consumer prices for frozen uncut fish increased by 0.4%. Compared to the beginning of the year, prices increased by 0.4%.

Source: United Press Service of the Federal Agency for Fishery