The production of black caviar in Russia has increased by one and a half times

Published 2024년 5월 22일

Tridge summary

In the first quarter, Russia's black caviar production nearly doubled to 14.74 tons compared to the same period in 2020, driven by the development of sturgeon farming after a 2006 ban on industrial sturgeon production. Investments in sturgeon farms in the late 2010s, high domestic and international demand, and improved government control have fueled this growth. Despite challenges like counterfeit products and limited exports, domestic prices have remained stable, with some manufacturers even reducing prices. This trend is expected to continue, supporting high production levels and reducing imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first quarter, output of the delicacy showed the highest growth rate since the first quarter of 2021, when compared to the same period in 2020, it almost doubled to 14.74 tons. In 2006, the Caspian countries, including Russia, banned industrial production of sturgeon due to a critical decline in stocks. This became an incentive for the active development of sturgeon farming. The surge in investment in the construction of sturgeon farms in Russia occurred at the end of the 2010s, explained VARPE President German Zverev. “On average, it takes five to seven years to grow sturgeon, so the increase in black caviar production today is a result that was laid out in the industry in advance. According to the producers themselves, this trend will continue in the next year or two,” he says. According to the head of VARPE, investor interest in sturgeon farming is stimulated by a reduction in the volume of poached products on the market and the creation of conditions for fair ...
Source: RG

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