Marport equipped vessel – F/V Northern Glacier – gets highest price in first two days of Seattle pollock roe auction
The auction for DAP frozen pollock roe from the Bering Sea has opened in Seattle, beginning with at-sea vessels offering their products for sales. Reports from Seattle had it that the contract prices are broadly higher than earlier predicted.
The highest price so far contracted was that for the second cruise of CP (catcher/processor) F/V Northern Glacier on the second day, with the standard grade roe fetching Y1,526 per kilo. The same vessel is reported to have contracted successfully for the products from the third and fourth cruises at similar high levels.
This year, the opening of the Seattle auction was delayed largely due to the U.S. pollock quota cutbacks and slumping harvests, but it appears that considerable number of traders are taking part in the auction.
The first impression of some auction participants was that the size of roe is large this season, underlying the prior anticipation that the auction will center on large-size products. There were a lot of roe of 350-400 grams, leading some buyers to say that it is still large even when cut into two portions. Others say that, when the roe is cut into three portions, both end parts could be used as normal products, while the middle part may be used only as lower-grade barako products. Participants are not certain whether the quality actually meets the price levels.
The focal point in determining the bidding prices will be at what point the producers and buyers would come to agreement in terms of the changed size composition and quality. However, by the end of the second day of the auction, participants feel that the prices remained strong across the board, showing the enthusiasm of buyers to procure DAP roe.