Wild salmon production in the U.S. and Russia has dropped significantly, price increases are expected

Published 2024년 7월 26일

Tridge summary

The Russian Fisheries Agency predicts a significant decline in Pacific salmon catch in the Far East, especially in Kamchatka, which is expected to raise salmon prices and potentially increase haddock sales. The Russian government plans to hike taxes on the salmon industry, potentially driving many companies out of business by 2026. Meanwhile, Alaska's sockeye salmon season has exceeded catch expectations but with smaller fish, resulting in a 25% price increase in Europe.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian Fisheries Agency (Rosrybolovstvo) predicts that the total catch of Pacific salmon in the Far East this year will be around 320,000 tons (609,000 tons last year), of which 170,000 tons are in Kamchatka, 90,000 tons are in Kukhalin Island, 50,000 tons are in Khabarovsk, and 11,000 tons are in Magadan, Primorsky and Chukotka regions. Dmitry, sales director of the Russian Far East fishery company Okeanrybflot Gusev told UCN that the forecast for pink salmon production in Kamchatka is getting worse. "Last year, our 14 large fishing and processing ships produced about 26,000 tons of pink salmon. This year we only sent one ship and processed only 300 tons." "This means that salmon prices will rise wildly, and I believe this will drive the sales of haddock, because haddock is much cheaper than salmon. If the price of salmon fillets rises by 2-3 times, then the price of haddock will also rise by 20-30%." Gusev told UCN. Picture Against the backdrop of a sharp reduction in ...
Source: Foodmate

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