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Russia has reduced fish imports from Chile by a third in 9 months

Published Nov 6, 2024

Tridge summary

Russia's import of fish from Chile in the first nine months of 2024 was significantly lower than the previous year, by one third in volume and 35% in value. The decrease was led by a two and a half fold reduction in imported frozen salmon. This change is attributed to the rise in Chilean salmon price and an increase in imported trout from Turkey and Iran. Additionally, there was a decrease in imports of Chilean frozen coho salmon and boiled and frozen Chilean mussels due to price increases.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. November 6. INTERFAX.RU - Russia imported 34 thousand tons of fish from Chile in the first nine months of 2024, which is one third less than in the same period of 2023, the analytical center of the Fish Union reports. In value terms, the decline was even deeper - by 35%, to $ 157 million. The supplies of all the main types of fish decreased, but the largest reduction was shown by the import of frozen salmon - by 2.5 times in kind and monetary terms, to 11.5 thousand tons for $ 77 million. The drop in shipments is due to the increase in the price of Chilean salmon to $ 9 per kg and an increase in imported trout from Turkey and Iran at an average price of $ 5.5 per kg. The rise in price of Chilean salmon may be due to a decrease in its production over the first nine months of 2024 by 10%, to 519 thousand tons. Chilean frozen coho salmon supplies decreased by 13%, to 2.8 thousand tons, by 27% in value, to $16 million. Coho salmon fillet imports also shrank: by 10%, to 1.9 ...
Source: Interfax
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