After Russia's sanctions, caviar producers are competing for the global market

The economic sanctions on Russia caused an increase in many products and commodities that Russia produces in large quantities, including caviar, one of the most popular luxury goods in the world. As the competition intensified between China, Iran and Russia in the acquisition of global markets in the process of exporting caviar, which witnessed an increase in caviar prices globally, and Russia acquired exports of black caviar, which is the most expensive type of caviar in the world. Bloomberg reported that China's caviar exports will witness a clear recovery this year due to US and European sanctions that have reduced supply from Iran and Russia, which have dominated the global caviar market for many years. However, the tendency of Iranian and Russian companies to increase fishing operations that are famous for producing caviar eggs from the Caspian Sea, including the Beluga Stargon, led to the exposure of these fish to the danger of extinction, which helped to decrease the supply ...