The All-Russian Association of Fishery Industrialists has promised that red caviar will not become much more expensive in 2025

Published 2024년 12월 11일

Tridge summary

The red caviar market in Russia, which experienced price increases due to low salmon catches in 2024, is expected to normalize in 2025, according to German Zverev, president of the All-Russian Association of Fishery Industrialists. The market's conditions were worsened by the worst salmon fishing season in the last 20 years, leading to a decrease in catches and red caviar production. The presence of poached caviar and low-quality products on the market also contributed to the price drop. However, a new labeling process introduced in 2024 is helping to clean up the market and return prices to normal.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. December 11. INTERFAX.RU - The situation on the red caviar market in Russia, which worsened in 2024 due to low salmon catches, will normalize in 2025, and there will be no further price increases, German Zverev, president of the All-Russian Association of Fishery Industrialists (VARPE), said at a press conference. "I think that next year the situation will level out, in general there will be no tragedy and no rapid further increase or escalation of prices for red caviar," he said. In 2024, the salmon fishing season, which he called the worst in the last 20 years, affected the situation on the market. By December 3, the catch of Pacific salmon amounted to 235.5 thousand tons, including pink salmon - 136.2 thousand tons, chum salmon - 54.6 thousand tons, sockeye salmon - 35.9 thousand tons. Compared to 2022 (salmon catches are compared between even and odd years), the decline is 13.5%. Compared to 2023, the decline is more significant. Rosrybolovstvo predicts a reduction in ...

Source: Interfax