Experts have revealed what will happen to red caviar prices by the New Year amid unsuccessful salmon fishing in Russia

Published 2024년 11월 20일

Tridge summary

In 2024, Russia experienced a significant decrease in Pacific salmon catches, resulting in the smallest catch since 2011, which nonetheless still supported approximately 11-12 thousand tons of salmon caviar production. Despite the reduced catch, there is no anticipated caviar shortage in the country, thanks to the practice of direct contracts between retailers and producers and the maintenance of ample reserves by retail chains ahead of the holiday season. The market price of caviar is largely dependent on the poor fishing results, with demand remaining stable and a high season for sales during the cold months. The price dynamics of caviar also exhibit seasonality, influenced by the salmon fishing season, and there are concerns over counterfeit caviar sales, highlighting the importance of consumer caution and the need for purchasing from trusted sources.

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

Original content

If in 2023 the catch of Pacific salmon was the second largest in the entire history of observations - 609 thousand tons, then in 2024 only 230 thousand tons were caught. According to estimates by the President of the All-Russian Association of Fishery Industrialists (VARPE) German Zverev, about 11-12 thousand tons of salmon caviar will be produced from the 2024 catch (last year - 23 thousand tons). This corresponds to the average annual consumption of caviar in the country, so there will be no physical shortage of red caviar in Russia, says Zverev. There is no need to fear a shortage of caviar during the holidays, since retail chains are developing the practice of concluding direct contracts with producers and forming increased reserves in advance before the holidays, and also agreeing with suppliers on promotional campaigns during the high season, explains in turn the Chairman of the Presidium of the Association of Retail Companies (AKORT) Igor Karavaev. According to him, there ...

Source: RG