Japan cuts seafood purchases, but Russian supplies grow

Published 2024년 10월 9일

Tridge summary

Russian agricultural exports to Japan have seen a 12% increase, reaching 68 thousand tons, and have helped Russian fishermen to expand their market share despite its decline. The exports are predominantly focused on two categories: frozen crabs (34% of the total volume) and caviar, liver, and milt (28%). While there has been a 27% rise in frozen crab exports, leading to a 36% increase in their cost, the opposite trend is observed with caviar, liver, and milt, where a 9% rise in shipments is compensated by a 14% drop in profitability. The export of frozen herring has experienced the most significant decrease, with a 29% drop in volume and 40% decrease in value. However, there are bright spots with the growth of fish meal and frozen cod exports.

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

Original content

It should be noted that in physical terms, Russian supplies increased by almost 12%, to 68 thousand tons. This allowed Russian fishermen to slightly increase their share in the declining Japanese market. Over 60% of Russia's export revenue was provided by two categories: frozen crabs with a share of 34% in the total volume of supplies and caviar, liver, and milt with a share of 28%. At the same time, in terms of the cost of supplies, the dynamics were mixed. If with a 27% increase in frozen crab exports, their cost increased by 36%, then in the case of caviar, liver, and milt, with an increase in shipments by 9%, their profitability fell by 14%. It should be added that the largest decrease in supplies, both in ...

Source: Fishretail