Russia's large whitefish market operator Murmansk Trawl Fleet forecasting on seafood export dynamics in 2011

February 3, 2011 16:53
Market analysts of one of Russia's biggest whitefish operators OAO Murmansk Trawl Fleet (plc) have worked out a medium-term forecast for seafood exports in the first months of 2011, reports http://www.megafishnet.com/.

Based on the company's financial report for 9 months of 2010 the forecast has remained generally actual by the beginning of the year 2011 with potential discrepancies to be attributed to specific features typical for fishery operations such as catch dynamics, storms, ship damage, etc., a spokesman of MTF told FISHNET.

According to MTF's analysts, in the opening months of the year 2011 the Russian market of cod and haddock will be showing stability with the demand for cod and haddock as well as for pelagic fish to remain strong.

In the near future development of the market situation will depend on catch quota progressing. In particular, due to reduction of blue whiting quotas the market prices for the species are expected to go up with fluctuations within 100 USD per tonne also possible. As for herring, horse mackerel and capelin, prices for these fish species will remain unchanged.

The company's plans for the year 2011 provide for development of polar cod sales with a potential boost of shipments to Asian countries. Polar cod Boreogadus saida as a small and cheap species is taken by the company as a promising export article and alternative to blue whiting.

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