Prices for headed-and-gutted (H&G) Alaska pollock from Russia are rising and are now over $1,400 (€1,070) per metric ton, with Chinese plants still buying, despite higher labor costs and a weak European market.

At the same time, US pollock companies are offering lower prices for single frozen, Marine Stewardship Council (MSC)-certified, Alaska pollock blocks to European buyers, sources said.

Buyers, however, are still reticent to purchase, thinking prices will fall further.

“There is a bubble, a strange bubble,” said a China plant manager, on his way back from the Boston seafood show.

“I