The growth in prices for red caviar in Russia in November slowed to 5.4% from 11.8% in October

Published 2024년 12월 11일

Tridge summary

Red caviar prices in Russia increased by 5.4% in November, with the rate of increase slowing down from previous months, according to Rosstat. The price increase is attributed to a significant decrease in salmon catch this year, with the catch amounting to 235.5 thousand tons by December 3, compared to 608.1 thousand tons in 2023. Red caviar production is forecast at 10-11 thousand tons this year, a significant decrease from the previous year. The market is gradually normalizing, and there are no forecasts for sharp price increases next year. Prices for chilled and frozen gutted salmon fish increased by 3.3%, and prices for frozen whole salmon increased by 3.2%.

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

Original content

Moscow. December 11. INTERFAX.RU - Prices for red caviar in the Russian Federation increased by 5.4% in November, Rosstat reported on Wednesday. The growth rate slowed down significantly: in October they were 11.8%, in September - 12.6%. Prices for chilled and frozen gutted salmon fish increased by 3.3%, frozen whole - by 3.2%. As reported, the increase in prices for red caviar is explained by a significant decrease in salmon catch this year. By December 3, it amounted to 235.5 thousand tons against 608.1 thousand tons in 2023. But salmon catches are traditionally compared between even and odd years due to the vital characteristics of their main species - pink salmon. Thus, the result of the current year should be compared with the catch of 2022, when 272 thousand tons of salmon were caught. Red caviar production this year is forecast at 10-11 thousand tons, compared to almost 25 thousand tons a year ...

Source: Interfax