Russia: The reason why redfish and caviar have risen sharply

Published 2020년 12월 14일

Tridge summary

The article explains the significant increase in the price of red fish and salmon caviar in Russia, with red fish seeing a 30% rise since January due to a poor catch in the Far East, the worst in a decade. Despite increased aquaculture production, the market is struggling, and there are claims of potential price collusion among manufacturers. The fall of the ruble and profitable exports have also played a role in the price hike. The high demand for chilled salmon and trout, which Russia cannot meet, has led to trout caviar being sold as a substitute for salmon caviar, contributing to the price increase. The pandemic has further impacted the market by decreasing demand and causing difficulties in placing catches.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since January, red fish have added 30 percent in price, followed by salmon caviar. This is attributed to the meager catch in the Far East. Aquaculture is also becoming more expensive, although the production of cultured fish has even been increased. At the same time, market participants say that there is enough production, and do not exclude a cartel agreement. What is actually happening and what to expect for the New Year. What's wrong with Putin? Explaining the rise in price by almost a third, the fishermen point to an extremely meager Far Eastern catch - the worst in a decade. In Kamchatka, they counted on 240 thousand tons of Pacific salmon, only about 180 were harvested. For comparison: in 2018 there were 483. Salmon fishing season continued until early October. However, already in July it became clear that the promised 80 thousand tons of pink salmon would not be caught on the east coast. The Ministry of Fisheries called this forecast an "unknown error", which has yet to be ...
Source: Fishnet.ru

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