Stable prices for pollock and herring are expected in Russia

Published 2022년 10월 4일

Tridge summary

Russia's fishery complex has seen a decrease in fish sales by 18% compared to last year, particularly salmon, despite having a total catch of 3.7 million tons at the end of September. There is concern that the decline in fish consumption, which has been ongoing for seven years, may be due to rising prices. To stimulate domestic demand and make fish more affordable, it is suggested that the domestic market should be more saturated with raw materials. However, there are challenges in maintaining coastal infrastructure as the catch increases. The price for Pacific herring in the Far East has also decreased by 1.8%. The fishing industry is facing challenges such as rising salmon prices and the need to find alternatives to components in shipbuilding from unfriendly countries. A working group has been formed to explore the possibility of producing some of the necessary equipment in Russia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the same time, the total catch of products of the fishery complex in Russia at the end of September amounted to 3.7 million tons. By the end of this year, it may reach the previous level of five million tons. However, so far, according to retail chains, fish sales have decreased by an average of 18 percent compared to last year, sales of salmon have especially declined, Igor Karavaev, chairman of the presidium of the Association of Retail Companies (AKORT), told RG. "The decline in fish consumption has become one of the main trends of recent times. Over the past seven years, it has decreased by almost a third against the backdrop of rising prices - by more than 90 percent - due to the global situation and an increase in exports," Karavaev said. In his opinion, in order to stimulate domestic demand, it is necessary to increase the saturation of the domestic market with raw materials, which will reduce prices and thereby make fish a more affordable and attractive product for ...
Source: RG

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