Prices for red caviar in Russia may fall by 10% after the New Year

Published 2024년 12월 18일

Tridge summary

Prices for red caviar in Russia have seen a slight decrease following a reduction in salmon catches and are expected to fall by an additional 10% after the New Year, predicts Alexander Panin, chairman of the Fish Union. The high prices this year have led to a drop in demand. Despite the decrease in catches, there is sufficient caviar on the market to last until Maslenitsa. Caviar production is projected to be around 10-11 thousand tons this year, down from 25 thousand tons last year, with the majority staying on the domestic market.

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

Original content

Moscow. December 18. INTERFAX.RU - Prices for red caviar in the Russian Federation, which jumped in the fall due to a reduction in salmon catches, have recently rolled back a little, and after the New Year they may fall by another 10%, predicts the chairman of the Fish Union Alexander Panin. "You can already find pink salmon caviar (the most common type of salmon - IF) on the market at a price of 10.5 thousand rubles per kg, as well as at 8.5-9 thousand rubles. After the New Year, the price will gradually go down, I would bet that the price will recover by 10 percent," Panin said at a briefing. According to him, there is more than enough caviar on the market. Demand has dropped due to the high price compared to last year, when a kilogram of caviar cost 6-8 thousand rubles. This year, the price soared to 13 thousand rubles. "In my opinion, traders did a great job, they heated up the market and gradually raised the price. But in the end, they overheated it by mid-November, then ...

Source: Interfax