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Why fish is so expensive in Vladivostok, Russia

Russia
Published May 29, 2023

Tridge summary

Such a sharp increase in prices was influenced by several factors at once. First, the modernization and construction of the fishing fleet through the new quota mechanism has an effect. Secondly, the situation worsened with the beginning of stagnation in the economy, as a result of which the debt load of fishermen and subjects of the Federation goes hand in hand with the budget deficit of the Russian Federation. Thirdly, the payment for aquatic bioresources is growing. Only since the beginning of this year, rates have risen prohibitively.

Original content

For example, for pollock - 1.23 times, for cod - 1.3 times, for halibut - 4.7 times, for saury - 5.37 times, for pink salmon - 2.26 times, for flounder - 210 ( !) times, for squid - 7.8 times, for shrimp - 4 times, for king crab - 2.3 times. “The question is how to save the economy, make up for the lack of funds that previously came in large flows. Hence the increase in the rates of the fee for the UBR, the rush to the second stage of investment quotas, despite the ...
Source: Fishretail
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