Russian fish is sold 10% cheaper due to sanctions

The average export value of a ton of Russian fish products in 2023 decreased by 10%, the Association of Shipowners of the Fishing Fleet (ASRF) told RG. Over the 10 months of 2023 (the same period last year), the volume of exports increased by 11%, and the increase in value was only 1%. Thus, the price for our frozen pollock fillet has decreased from 3.65 to 3.3 dollars per ton. At the same time, competitors' prices for fish, on the contrary, are rising. In 2022, Russian pollock fillets were sold cheaper than American ones by an average of 3%, and in 2023 the difference had already reached 19% (pollock from the USA costs 3.9 thousand dollars per ton). The export price for Russian herring in the first half of 2023 decreased by 11%. At the same time, the price of large Atlantic herring exported by our competitors has increased: in Norway - by 21%, in the Faroe Islands - by 36%. That is, the decline in Russian export prices is not caused by a reduction in demand on the world market. ...