Russian king crab and snow crab may return to the U.S. market

Published 2025년 4월 16일

Tridge summary

The article highlights the reintegration of Russian seafood and fertilizer producers into the US market, following the lifting of sanctions initially imposed by the Biden administration in 2022. Prior to the sanctions, Russia was the eighth largest supplier of seafood to the US, with sales valued at $1.2 billion in 2021. The announcement is anticipated to boost the US processing industry, particularly in the Seattle area, where Russian crabs are predominantly processed. The return of Russian crabs is expected to compete with Canadian snow crabs, leading to adjustments in wholesale prices. The process of shifting Russian export focus from Asia to North America is predicted to be gradual. Additionally, the article touches on the dynamics of crab exportation from Russia to China and the potential for shifting export destinations to North America.

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

Original content

The last item of the agreement includes: "The United States will lift sanctions on Russian food (including fish and seafood) and fertilizer production and exporters." In 2022, former US President Biden announced sanctions against Russia, completely banning the import of Russian seafood into the US market. Around mid-2022, there were almost no Russian crabs on sale in the US market. According to data from the National Oceanic and Atmospheric Administration (NOAA), Russia was the eighth largest source of seafood for the United States in 2021, with sales of 48,867 tons and a value of US$1.2 billion. Russia exports as many as 80 kinds of seafood to the United States, with the highest value product being frozen snow crab, with sales of 18,823 tons and a value of US$509.9 million; frozen king crab is second, with sales of 8,486 tons and a value of US$419.7 million. Les, a senior international crab trader Hodges said: "If the Ukrainian conflict can be resolved fairly and justly, then ...

Source: Foodmate