What will happen to fish and seafood in Russia?

Published Nov 7, 2022

Tridge summary

The article reassures Russian consumers that there will be no shortage of fish and fish products in the next six months, as the Federal Agency for Fisheries is actively modernizing the industry and expanding capacity. Despite a decrease in fish product imports, the domestic market is stable with a capacity of 3.2 million tons, accounting for only about 10% of imports. The production of aquatic biological resources in Russia is approaching 4 million tons, and while some types of fish have seen significant price increases, the situation is expected to stabilize with a correction in the market after months of fluctuation. Consumer prices for frozen fish have been three times higher than producer prices in 2021, but this gap has narrowed in 2022 as producer prices have ranged from 86 to 116 thousand rubles per ton, and consumer prices from 249 to 276 rubles per 1 kg.

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

Original content

Deficiency is not expected In the next six months, a shortage of fish and fish food products is not expected on the shelves of Russian stores, Izvestia was told at the Federal Agency for Fisheries. “All types of fish familiar to the Russian consumer — herring, cod, mackerel, sockeye, as well as seafood — shrimp and squid, will not go anywhere. We do not foresee possible problems with the assortment on the Russian market," the Federal Agency for Fishery said. “Currently, negotiations are underway with new partners, new promising markets are being studied — the signing of a memorandum of cooperation with Indonesia was discussed the day before, negotiations were held with Argentina and Myanmar,” the Joint Press Service of the Federal Agency for Fishery said. - This year, the fishing industry is actively modernizing: ships and factories are currently being built, and thanks to the first stage of investment quotas, 21 fish processing plants have been built and three more are now being ...

Source: Fishretail