Rosrybolovstvo Expects Lower Prices for Red Caviar Due to Large Stocks of Products

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Rosrybolovstvo expects lower retail prices for salmon caviar sales due to large stocks of products in warehouses. Volumes collected in 2018 are one and a half times more than in 2017, Vasily Sokolov, deputy department head, told reporters on Wednesday during a working visit to Simferopol.

“Now about 25 thousand tons of red caviar [in warehouses], part went for export, but not in huge quantities <…> This is the result of 2018, which is one and a half times more than in the previous year [2017] year <…> There will be a decrease prices to Putin, because it is necessary to sell off those stocks that are, therefore, we continue to expect a decrease in prices. It is there, but the decrease in prices among manufacturers and retail is a big difference, in retail they [reduced] about 15-20%, and among manufacturers one and a half or two times, ”he said.

Rosrybolovstvo Expects Lower Prices for Red Caviar Due to Large Stocks of Products

According to the results of 2018, the production of red caviar in Russia increased by 1.7 times as compared with the previous year and amounted to 22.2 thousand tons. Production of black caviar increased by 7% last year and amounted to 32 tons. Total fish production in 2018 remained at the level of the previous year and amounted to 4.2 million tons.

 

Source: Maritime News of Russia