Sprats may become more expensive in Russia

Published 2024년 6월 26일

Tridge summary

The price of sprats and sprat in Russia is expected to increase due to factors such as higher collection rates, difficult fishing conditions in the Baltic Sea leading to a decrease in catch volumes, rising wage costs and fuel, and the requirement for labeling canned food which will incur significant costs for equipment. The Fisheries Union has suggested reducing fees to help offset these costs and maintain the availability of fish products, a proposal that has not been agreed upon by the Government due to the lack of a financial and economic proposal.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to information from the Fisheries Union, prices for sprats and sprat in Russia may become more expensive due to a number of factors, including increased collection rates by 560%, difficult fishing conditions in the Baltic Sea - a decrease in catch volumes by 12%, as well as rising wage costs and fuel. In addition, the upcoming start of labeling canned food requires significant costs for equipment, forcing manufacturers to increase selling prices. Deputy Committee of the Federation Council on Agricultural and Food Policy and Environmental Management Sergei Mitin noted that the costs of fishermen and processors have increased significantly, including the cost of repairing the fleet. He believes that reducing the fee rate will help all market participants, including fishermen, processors and buyers The Fish Union added that the reduction in fees will not have a significant impact on federal budget revenues, but will help maintain the availability of these popular fish ...
Source: Fishretail

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