News

Forecast for the development of the Russian fishing industry in 2024

Seafood
Russia
Market & Price Trends
Published Dec 29, 2023

Tridge summary

The text discusses forecasts for the Russian fishing industry in 2024, with a focus on the total volume of fish caught remaining at 5 million tons and changes in the Total Allowable Catch (TAC) for different species. Industry experts believe that opening new markets will help develop the domestic fishing industry, but express concern about potential negative impacts of new export duties and mandatory labeling requirements for fish products. They note interest in supplying fish products to countries such as India, Argentina, Chile, South Africa, and Pakistan.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

We discussed with industry experts how production volumes of livestock products, veterinary drugs and feed will change in 2024. We are publishing a forecast for the development of the Russian fishing industry in 2024. The total volume of fish caught in 2024 will remain at the level of previous years - 5 million tons, says German Zverev, president of the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE). Chairman of the Fishing Union Alexander Panin notes that 2024 will be a non-fishing year for Far Eastern salmon. In the Northern Basin, the total allowable catch (TAC) for demersal species (cod, haddock) will be reduced by approximately 20%. At the same time, the TAC for pollock will increase by 10%. Iwasi sardine catches are expected to be high. In general, he agrees that total production will not be lower than 5 million tons. German Zverev believes that the opening of new markets will help develop the domestic fishing industry. “And here the ...
Source: Fishretail

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