Russian fishermen plan to gain access to markets in India, Pakistan and South Africa

Published 2024년 12월 18일

Tridge summary

Russian fishermen are hopeful for access to markets in India, Pakistan, and South Africa soon. The country has already expanded its fishery exports to nine new countries over the past two years, including Namibia, Syria, and Mexico. However, exports have seen a 20% decrease in volume and a 25% decrease in value compared to the same period last year, totaling 1 million tons and $2 billion respectively. The export structure is led by frozen pollock, and the main buyers are China and the Republic of Korea. Fishermen expect the export duties, which they believe are affecting their income, will not be extended in 2025. The industry also craves for more government support as it faces high debt and significant costs for fishing areas. Additionally, imports of fish and seafood have decreased by 10% in volume and 15% in value compared to last year, with China and Turkey being the largest suppliers.

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

Original content

Moscow. December 18. INTERFAX.RU - Russian fishermen expect to complete procedures to gain access for their products to the markets of India, Pakistan and South Africa in the near future, said Alexander Panov, Chairman of the Fish Union, at a briefing. "Over the past two years, the Russian Federation has expanded the geography of fishery exports, entering the markets of nine new countries, including such countries as Namibia, Syria, Mexico and Kuwait. The countries to whose markets we plan to complete procedures to gain access in the near future are India, Pakistan and South Africa," he said. A total of about 140 countries are currently open for deliveries of Russian fish products. According to him, there are only relevant export figures for the first half of the year. During this period, about 1 million tons were sent to foreign markets, which is 20% less than in the same period last year. In money terms, exports "sagged" by 25% compared to January-June 2023, to $2 billion. In ...

Source: Interfax