Russian Pollock Roe Auction In Busan Softening Due To Weak Yen And Other Factors
The bidding on new Russian-produced pollock roe has been slow, with some unsuccessful bids. The auction, held from April 16 to 18 in Busan, South Korea, featured listings of over 7,000 tons, with prices ranging from around $5/kg for STD (high grade) to $4/kg and above to mid-$3/kg for off-grade. Minato Shimbun reported that Japanese buyers have been cautious due to the rapid depreciation of the yen against the dollar, a factor that significantly impacts their...
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