The stability of fish catch in Russia is expected in 2025, prices will continue to rise

Published 2024년 12월 19일

Tridge summary

The article reports that the current fish catch is slightly below expected plans for the development of the agro-industrial complex and fishing industry. The reduced cod catch has led to a increase in its price. The quota for northern cod in 2025 is expected to be lower than in 2024. Imports of fish and seafood have decreased this year and are expected to decline further in 2025 due to external economic factors. Prices for fish and seafood are expected to rise moderately in the next year due to inflation, increased costs, and a decrease in supply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the moment, as of mid-December, the catch is more than 4.7 million tons, which is slightly below the planned figures set in the strategy for the development of the agro-industrial complex and the fishing industry. However, according to Panin, the fluctuations are not critical. One of the negative factors of the year was the reduced cod catch, which leads to its rise in price. In 2025, the quota for northern cod will be 347 thousand tons, which is below the 2024 level. Imports of fish and seafood have also decreased this year, amounting to 420 thousand tons worth $ 1.3 billion. The Fish Union expresses concerns about a further decline in imports in 2025 due to external economic factors, such as a high key rate and complex international ...
Source: Fishretail

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