South Korea facing pollock Shortage, Aims to Rebuild Imports and Trade Ties to Russia
SEAFOODNEWS.COM by Eugene Gergen, Nov 21, 2016
South Korea plans to significantly increase the volume of pollock imports from Russia in the coming years, according to recent statements of the Russian Pollock Association (RPA), a public association, which unites Russia’s leading pollock producers.
According to a spokesman of RPA, South Korea has faced with a shortage of pollock, caused by a significant decline of its stocks in the Sea of Japan and the reduction of supplies from Japan.
The situation is also aggravated by the reduction of quotas to South Korean fisherman for pollock in the Russian territorial waters. In 2015 and 2016 the quota was set on the level of 38,000 tonnes, compared to 60,000 tonnes in previous years.
Currently the annual consumption of pollock in South Korea is estimated at about 260,000 tonnes, while the current tensions with Russia may result in a shortage of the fish at South Korean retailers..
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