Why Russia-Ukraine conflict may not have much impact on the U.S. caviar market

Published 2022년 3월 7일

Tridge summary

The Ukraine crisis is impacting the caviar market, with many US distributors ceasing trade with Russia, the traditional source of high-quality caviar. Despite this, US caviar markets are shifting towards products farmed in countries such as Israel, Uruguay, China, France, and Poland. Californian company Sterling Caviar, which exports its caviar globally, expects increased demand for US-grown caviar due to concerns over food safety and transparency. However, the industry faces challenges from the US FDA, which allows caviar to be labeled as 'imported' rather than specifying its country of origin, leading to consumer confusion and competition with cheap Chinese caviar.

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

Original content

Disruptions in seafood trade due to the Ukraine crisis has spread to the caviar market, with many distributors in the US distancing themselves from Russia, the source of what many consider as the best quality caviar. Olma Caviar, a large operation in Brooklyn, has an affirmation on its website that left no doubt about its support of Ukraine: “We at Olma are deeply concerned with the situation in Ukraine and our friends and family there. We strongly condemn Russian aggression. Our customers may rest assured that we don’t import any products from Russia. You may help Ukraine by donating to the International Rescue Committee.” Chuck Ladouceur, manager of seafood at Bianchini’s, an upscale market in San Carlos, CA, south of San Francisco, had a different slant: “We usually carry Russian caviar on the holiday and we have had a couple of customers asking about us not stocking it. Although I agree with the people in the Ukraine and their defense against Russian invasion; but if a ...

Source: Aquaculture Northamerica