Russia broke the record for salmon catching: Will the price of red caviar fall?

This year, the production of Pacific salmon in the Far East is proceeding at a record pace, the All-Russian Association of Fisheries (VARPE) told Forbes. By September 21, the total catch had exceeded 545,000 tonnes, twice the amount in all of 2022. This is also almost 12% more than in 2018, when the Russian record for the catch of Pacific moose was set - almost 678,000 tons were harvested, recalls VARPE President German Zverev. A successful salmon run will result in a record production of red caviar, experts predict. “In 2023, the catch of red fish is expected to reach 600,000 tons,” says Alexander Fomin, vice-president of the Association of Industrial and Trade Enterprises of the Fish Market. “Caviar is approximately 4% of fish, which means that in total we will be able to release about 24,000 tons to the market. This is higher than what Russians usually consume in a year.” According to Fomin, the average red caviar market in Russia is 15,000 tons per year. In the Soviet Union, ...