Russia adds 4,800 tons of emperor crab quota, to be harvested starting August, exclusively for the Asian market.

The newly obtained quota will be operated by Russian Crab's subsidiary in Murmansk, with one-third of the company's fishing fleet being transferred to operate in the Barents Sea. Unlike the live crab export model in the Far East, the red crabs from the Barents Sea will be processed using standard air freezing technology, ensuring that the products are exported in high-standard frozen form. It is reported that the price of these frozen red crabs is more competitive compared to live crabs from the Far East, and they are more in line with market demands in multiple Asian countries. Sergey Goryachev, CEO of Russian Crab, stated that regional diversification is a key measure to enhance the company's risk resistance and explore new growth points. The company will leverage its previously accumulated operational experience in the Far East and its newly built modern fleet to improve the efficiency of fishing and processing in the Arctic region. According to the first-phase quota investment ...