Price-setting for A Season Surimi to Start at the End of April
April 9, 2008
The pricing of A season surimi has become the focus of discussion in the industry, now that the A season for pollock fishing in the USA has ended. Negotiations to set the price of surimi will start after free price-setting at the European Seafood Exposition in Brussels, which will run from April 22 to 24.
Supply to Japan Expected to Drop by 45% to 22,500 Tons
In light of a year-on-year decrease of 45% in surimi production during the A season, the total production being 50,000 tons, the quantity of A season surimi for supply to Japan will be 22,500 tons (as compared to 36,000 tons for the same period last year).
Argentina, Hake and Signs of Recovery in South East Asia
It is hoped that the following developments will make up the shortage caused by the decrease in surimi production in the USA. First, the Centurion of Aker Seafoods in Argentina, a vessel which reduced its production last year, has resumed operations this month and is satisfactorily producing surimi. Moreover, the hake quota in the USA has been increased by 24,000 tons over last year’s quota to 269,000 tons. Furthermore, a recovery is expected over last year in surimi production in South East Asia, which was slow last year due to unusual weather.
Curbing Demand to Keep Surimi Prices Under Control
“I think a substantial price increase will be unavoidable in the surimi price-setting after the European Seafood Exposition in Brussels. We won’t have any choice but to accept the price increase of the A season, but acceptance thresholds have already been exceeded in the Japanese surimi products industry, and if every possible effort is not made to prevent an increase in prices after this year’s B season, the industry will be in a critical state and in danger of disappearing.