Low orders from Europe and high levels of stock are causing the prices for headed and gutted (H&G) Alaska pollock from Russia to continue to decline, sources said.
“The situation in China is very serious now,” a European source with business interests in China told IntraFish. “Orders have dropped off in Europe and prices for raw material are down as a result. Cod is down, pollock is down.”
The situation is "very, very serious -- worse than 2008 I think," a Hong Kong-based trader told IntraFish.
"Many
