Decline in fish imports from Peru to Russia

The article highlights a notable decrease in Russia's imports of frozen giant squid fillet, which have dropped by 60% in volume and 50% in value. Despite this decline, Russia has resumed importing frozen hake fillet from Peru after a two-year break, with imports amounting to 0.5 thousand tons worth $1.8 million. Additionally, imports of cooked and frozen giant squid fillet have fallen to under 30 tons. Since 2020, Russia's share in Peruvian fish and seafood exports has significantly diminished, with the majority of Peruvian fishmeal exports now directed to China and 35% of other fish supplies going to African countries.