Plus 10% for the year: prices for fish and seafood have soared in Kazakhstan

Seafood

Market & Price Trends

Published Mar 28, 2024

Tridge summary

Kazakhstan's Turkestan region leads the country in the fishing industry, with a notable increase in fresh fish production but a decrease in canned fish and caviar output. Despite the region's success, the nation experienced a slight downturn in overall fish production and processing, alongside a rise in the value of fish processing and canning. The domestic market and exports failed to meet demand, resulting in increased imports. The government has responded by reducing taxes for fish farms and offering subsidies. Meanwhile, fish and seafood prices have seen a significant annual increase, with varying price changes across different regions.

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

Turkestan region is the leader of the fishing industry in the country In January-February of this year, the country produced 7.5 thousand tons of fresh, chilled or frozen fish, 3.4% less than a year earlier. In addition, the production of canned or otherwise prepared fish, as well as caviar and its substitutes, decreased by 5.1%, to 2 thousand tons. The Agrosektor.kz portal reports this with reference to Energyprom.kz. Regionally, the leader in the production of fresh, chilled or frozen fish was the Turkestan region: 1.9 thousand tons, an annual increase of 18.1%. Atyrau (1.6 thousand tons) and East Kazakhstan (1.5 thousand tons) regions are in second and third place. The same Turkestan region leads in the production of canned fish and caviar: 768 tons, minus 10.2% per year. The top three are West Kazakhstan (376 tons) and East Kazakhstan (178 tons) regions. In value terms, the volume of processing and canning of fish, crustaceans and mollusks amounted to 8.9 billion tenge, 14.7% ...

Source: Agrosektor