Russia: Fish rises in price ahead of inflation

Published 2021년 7월 12일

Tridge summary

The Russian Ministry of Agriculture is adjusting seafood consumption norms based on citizens' financial capabilities and celebrates the fishing industry's achievements, claiming self-sufficiency in fish and fish products. However, data shows that Russians consume significantly less fish than the recommended amount, with the average being 12.9 kg per person in 2019, which is similar to consumption levels in the 1960s and during the USSR's collapse. The government aims to increase fish consumption to 25 kg per person per year by 2030, with self-sufficiency reaching 85%, while suppliers are proposing a 15% price increase due to limited supplies and increased logistics costs.

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Original content

The authorities are adjusting the norms for the consumption of seafood according to the financial capabilities of citizens. The Ministry of Agriculture celebrates the achievements of the fishing industry in connection with the Day of the Fisherman. The fishery complex is one of the leading sectors of the Russian economy, it plays a key role in ensuring food security, the department emphasizes. This is surprising when you consider that Russians do not eat about 10 kg of fish a year. Fish is becoming a premium commodity, experts say. Despite weak demand, suppliers of fish products have already warned retail chains of a 15 percent price increase. “In 2020 ... the level of self-sufficiency in fish and fish products exceeded the threshold by 1.8 times. This allows us not only to meet the domestic needs of the country, but also to increase the volume of cooperation with foreign countries, ”the Ministry of Agriculture said in the congratulatory message. It is difficult to agree with the ...

Source: Fishnet.ru