Russian suppliers of red caviar want to raise prices for it

Published 2022년 1월 14일

Tridge summary

Suppliers of red caviar are requesting significant price increases due to a combination of factors including market shortage, increased exports, and logistics costs. The price hike ranges from 7-17% for regular products and up to 30% for premium items. This situation is attributed to an unsuccessful salmon season in Asian countries and the success of Russia's salmon fishing season, which has led to a doubling of salmon caviar production. However, not all retailers have received price increase notices, and experts believe that the price dynamics for red caviar will depend on demand during Maslenitsa and the volume of catch. The market is not consolidated, with no price collusion possible, and the current prices are heavily influenced by domestic policies and export demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Suppliers of red caviar sent retailers applications for a significant increase in prices for their products, Vedomosti reported, citing employees of four large retailers. According to one of them, we are talking about an increase in the cost of 7-17%, the other spoke about a price increase of 10% for low-cost items and 20-30% for premium items. Suppliers explain their request by a shortage of caviar on the market due to an increase in exports against the backdrop of an unsuccessful salmon season in some Asian countries, as well as an increase in logistics costs, the newspaper writes. According to the Federal Agency for Fishery, in Russia, the salmon fishing season in 2021 was successful: 540 thousand tons of salmon were caught, which became one of the best production figures in the history of fishing. This made it possible to double the production of salmon caviar, up to 22.6 thousand tons. In 2020, its production amounted to 11.2 thousand tons. RBC reported on a significant ...

Source: AgroInvestor