Russia: Fish processors are notifying retail chains en masse about the increase in wholesale prices for seafood

Published Oct 21, 2024

Tridge summary

Recent reports indicate a significant rise in seafood prices, with increases averaging 15-20% for various products like pink salmon, mackerel, trout, and shrimp. This trend is confirmed by multiple sources, including retail chains and suppliers such as Severnaya Kompaniya and Polar Seafood Russia, who cite various reasons for these adjustments. Companies like Phosphorel, Meridian, and Russkoye More plan further hikes, affecting both domestic and imported seafood, including canned and frozen items. While the Federal Antimonopoly Service investigates these price hikes, the Association of Retail Companies claims that prices for socially significant fish categories remain stable due to direct delivery systems.

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

Original content

In recent months, fish suppliers have notified retail chains of price increases for a wide range of seafood products — by an average of 15-20%, a source in the retail market reported. Notification letters have been sent to retail chains since mid-summer, he said. In September-October, such cases became more frequent, a source in one of the retail chains reported. The price increase also affected shrimp, a source in another retail chain said. The fact that fish is growing in price among suppliers was confirmed by Ivan Babukhadze, director of the Union of Independent Networks (which unites more than 40 regional retail chains). The Perekrestok retail chain received notifications of price increases from almost all fish suppliers, the X5 Group press service told RBK. The prices are mainly rising for herring, mackerel and red fish, as well as for Far Eastern pink salmon and aquaculture trout. RBC sent inquiries to the Lenta, Magnit, Azbuka Vkusa, VkusVill, Verny, Yarche and Auchan chain ...

Source: Fishretail