Russia's seafood export revenue target for 2030 is $8.85 billion

The All-Russian Association of Fishery Enterprises (VARPE) has set a fishery export target for Russia at $8.85 billion, which is greater than the initial target of $8.5 billion and 1.5 times the target for 2021. The target products include frozen cod, haddock, crab, and caviar. The strategy to achieve these export goals includes targeting China, South Korea, Japan, and EU countries. The forecast also considers global market changes, such as sanctions and geopolitical factors. VARPE emphasizes the importance of removing export tariffs to reach these projections, especially with the increasing demand for fishmeal due to the expansion of aquaculture.