The head of Rosrybolovstvo, Ilya Shestakov, made a public report on achievements in the industry at the Public Chamber of the Russian Federation, Moscow, March 12

Seafood

Russia

Market & Price Trends

Published Mar 13, 2024

Tridge summary

The Russian fishing industry has experienced a significant recovery, achieving a record catch of over 5.3 million tons of aquatic biological resources in 2023, the highest in three decades. This growth is attributed to successful salmon fishing, high yields in the Iwasi sardine and pollock fisheries, and the industry's progressive development since 2004. The industry's advancement is also due to the use of top-notch vessels built at domestic shipyards, new processing plants, and the investment quota program, with 105 vessels being constructed and 25 fish processing plants currently in operation.

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Original content

“After the collapse of the Soviet Union, the industry held on for some time, but since 1993 there has been a significant collapse in the fishing industry. And in 2023, our fishermen managed to catch more than 5.3 million tons of aquatic biological resources - a record for 30 years. I think this is an excellent indicator. And we will continue to increase the volume of catch. The record was facilitated by good salmon fishing and high performance in the Iwasi sardine and pollock fisheries. But all this would have been impossible without the planned and progressive development of the industry. Since 2004, decisions have been made that have allowed the situation in the industry to stabilize and move towards growth. Regulations were adopted that allowed fishing companies to look forward and develop on a long-term basis. At that time, this was the right decision, which allowed them, so to speak, to gain fat in order to further invest directly in the development of the industry. Today, ...

Source: Fishretail