Rosrybolovstvo abandoned the idea to ban the export of salmon in Russia

Published 2022년 12월 28일

Tridge summary

The Russian Ministry of Agriculture has rejected a proposal by Rosrybolovstvo, the federal fisheries agency, to ban the export of red fish and caviar due to a poor salmon fishing season and a decrease in catch. The proposal aimed to provide Russian consumers with wild salmon and reduce prices by keeping the domestic market supplied. However, experts believe that the ban would likely increase prices as suppliers would probably withhold sales to maintain margins.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to him, such a decision was made based on the position of the Ministry of Agriculture on this issue. Rosrybolovstvo proposed to introduce a ban on the export of red fish and caviar in early September this year. The head of the department, Ilya Shestakov, explained the initiative as an unsuccessful salmon fishing season. This year, the catch was lower than in even-numbered 2020 (salmon catches are traditionally compared between even-numbered and odd-numbered years). As of December 19, 272.1 thousand tons of Pacific salmon were harvested, and in 2020 - 297 thousand tons, which was called the minimum since 2009. In this connection, less red caviar will be produced in Russia - about 13-14 thousand tons, while in 2021 the volume of red caviar production amounted to 22.6 thousand tons. This decrease in catch has led to an increase in the price of red fish. In addition, there was a lack of supplies of Atlantic salmon to the Russian market against the backdrop of sanctions. At ...
Source: RG

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.