Russian Far East seafood rail freight volume to increase by 10% in 2024

Supply Chain Management
Market & Price Trends
Published Apr 24, 2024

Tridge summary

The Russian government's initiative to subsidize rail transportation for frozen fish has significantly boosted domestic seafood consumption and demand. This policy, coupled with the industry's focus on improving product quality and transportation efficiency, has led to a remarkable 20.6% increase in seafood exports from the Far East in March alone. The strategic use of rail freight, especially in containerized shipments, has been key in preserving seafood quality, thereby supporting the growth of both the seafood and railway transportation sectors. With continued government support and favorable market conditions, the volume of seafood transported by rail in Russia's Far East is expected to keep rising, further stimulating the domestic seafood market.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian government has been committed to encouraging domestic seafood consumption, especially in the context of increasing export restrictions, rail freight has become one of the important modes of transportation. The government has provided subsidies for the rail transportation of frozen fish, and this policy has effectively stimulated demand in the domestic market. The growth of seafood products in the Far East has also injected new vitality into the Russian railway transportation industry. It is particularly noteworthy that in March alone, the export volume of seafood products in the Far East reached 73,700 tons, an increase of 20.6% year-on-year, showing the continued prosperity of the seafood industry. In addition, the volume of containerized seafood transportation also reached 51,800 tons, demonstrating the advantages of rail transportation in maintaining the quality and freshness of seafood. Behind this growth, in addition to the support of government subsidy policies, ...
Source: Foodmate
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