Chinese processors are hurting from high Alaska and Russian pollock prices, and many are reporting losses at the moment, industry watchers told IntraFish.
"The current raw material price is quite high compared to prices for finished product, and everyone is getting squeezed on margins," Frank Zhou, president of Qingdao-based processor Ocean One Enterprise, said.
Processors are losing at least $100 (€73.60) per metric ton on raw material prices of around $1,450 (€1,067) per metric ton for headed and gutted (H&G), and prices of around $2,250 (€1,656) per metric ton of finished double-frozen block product, he told IntraFish.
"The
