Russia's import of seafood has increased significantly, benefiting many countries
Seafood
Russia
Published Sep 1, 2023
Tridge summary
Russia's seafood imports have increased by 23% in the first seven months of this year, reaching a total of 345,000 tonnes. The Faroe Islands has become the largest supplier of seafood to Russia, with a 52% increase in supply. However, Vietnam saw a 34% decrease in exports due to uncompetitive prices, and there is speculation that the depreciation of the ruble may lead to a decline in total seafood imports by the end of August.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The Russian Fisheries Union, an association of Russian processors and traders, said Russia imported 345,000 tonnes of seafood in the first seven months of this year, up 23 percent from the same period a year earlier. The increase was even more pronounced, Russia's statistical service Rosstat reported. , reaching 36%. In the first seven months of this year, Russia's total seafood imports rose by 17 percent to $1.3 billion (€1.2 billion). The Faroe Islands saw the most significant increase in seafood supply, increasing by 52% to 60,000 tonnes, making it the largest supplier of seafood to Russia. According to the Russian federal fisheries agency Rosrybolovstvo, imports of frozen fish increased by 46% year-on-year to 153,000 tons, while imports of crustaceans and molluscs doubled to 73,000 tons. Russia also imports seafood from other countries to make up for lost supplies from sanctions imposed on the country after the Ukraine war. As of July, seafood, mainly cheap ...
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