The threat of a Chinese import ban of Russian seafood products puts the industry at risk of up to $60 million ((€42.7 million- €51.2 million) in losses over the next month during key delivery times for the pollock sector in particular.

Having already suspended landings from two Russian vessels for a month, the Chinese government has warned Russia that any further cases of detection of COVID-19 on Russian fish products will result in a complete suspension.

“Already, average prices in China for Russian pollock have fallen by 20 percent to $1,150 (€980) per metric ton compared with September last year, despite the fact that during this period export prices for pollock are usually growing significantly,”...