Russian Crab Group's crab exports to China have increased significantly

Published 2024년 7월 22일

Tridge summary

In the first half of 2024, Russian Crab Group caught 9,500 tonnes of Far Eastern crab, thanks to new quotas from investment auctions. The group's subsidiaries purchased seven batches at an auction worth over 57 billion rubles, granting them the right to catch various crab species. The company has doubled its production plan due to the new quota, selling 7,300 tons of live crab and cooked products in the first half of the year. China and South Korea, the largest consumers, saw a 46% and 69% increase in supplies, respectively. With a quota exceeding 18,000 tons and 39 vessels operating in the Bering Sea, the Sea of Okhotsk, and the Sea of Japan, Russian Crab Group is the leading crab fishing company in Russia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russian Crab Group said it caught 9,500 tonnes of Far Eastern crab in the first half of 2024. This achievement is due to the new quotas the group won at a series of investment auctions last year. At the October 2023 auction, the group's subsidiaries bought seven batches with a total value of more than 57 billion rubles (593.1 million euros/648.6 million US dollars), winning the right to catch red king crab, snow crab, blue king crab and hairy crab. Currently, Russian Crab Group's total quota in the Far East exceeds 18,000 tons. "With the new quota, our production plan has increased by 50% compared to previous years. The increase is significant and the company is operating at a good rhythm. In six months, we have used half of the annual quota." Russian Crab Group sold in the first half of 2024 7,300 tons of live crab and cooked frozen products were delivered. The company said that the share of live crab in exports is growing, with China and South Korea being the largest consumers. ...

Source: Foodmate