Developments in Russian exports of cod and haddock from Murmansk in mid-June 2012

The exports of sea-frozen cod and haddock from Murmansk in Mid-June have developed against the background of crisis in EU and seasonal factors, reports http://www.megafishnet.com/ based on industry sources in Murmansk.

In fact, the demand has considerably weakened. It is a typical summer situation aggravated by negative trends in Europe with traders growing cautious to buy big quantities.

As a result, as per mid-June the prices for cod have been gradually falling while haddock prices dived by about 20% in a matter of a week and finding buyers for haddock became quite a problem.

It must be noted however that not all Russian fishing companies sell HG cod of popular sizes as this material is often used for fillet production.

Cod fillets are made at sea mostly in skin-on form as skinned cod fillets have a relatively small market.

Mid-June bidding price indications DES Aalesund, Norway are given in the table below.