Russian cod export prices to China fall to 20-year low

Russian Senator Dmitry Zverev announced at a press conference that Russia's agricultural export tariffs, excluding canned and finished products, are expected to rebound from their current low prices next year. The tariffs have significantly influenced the export of cod products, with only the tariffs on fish fillets being removed in November, while tariffs on other products like frozen haddock, surimi, and fish roe still exist. From October 2024 to the end of the year, the floating export tariff rate for fish products will vary from 0% to 7%, depending on the US dollar/ruble exchange rate, with zero tariffs applied when the exchange rate is 80 or lower. The Russian government has also excluded sardines and cod fillets from the application of floating export tariffs.