Translated material
Red caviar has fallen in price in Russia
Prices for red caviar in Russia have decreased, and after the New Year they are likely to fall by another 10%. Chairman of the Fishing Union Alexander Panin spoke about this.
According to him, this year the price per kilogram of red caviar soared to 13 thousand rubles, but traders “overheated” the market and last week prices fluctuated from 9.5 to 11.5 thousand rubles. For example, last year a kilogram of caviar cost about six to eight thousand rubles.
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“You can already find pink salmon caviar on the market at a price of 10.5 thousand rubles per kilogram, and also at 8.5-9 thousand rubles. After the New Year, the price will go down little by little, I would definitely bet 10 percent that the price will come back,” Interfax reports Panin’s words.
The head of the Fisheries Union is confident that there will be no shortage of caviar in the country. “Talking with market participants, we understand that there is more than enough caviar on the Russian market. The caviar will definitely remain for the post-New Year period and will survive until Maslenitsa,” added Panin.
According to Rosstat, in September prices for red caviar increased by 12.6%, in October - by 11.8%, and in November the growth slowed down and amounted to 5.4%.
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Last year, Russia produced 25 thousand tons of caviar. “This is really too much,” Panin commented on the figures. At the same time, nine thousand tons were sent for import, and 16 remained on the domestic market. This year, according to forecasts, the country will produce 10-11 thousand tons of caviar.
In addition, this year the salmon catch decreased to 235.5 thousand tons, and in 2023 it was more than 608 thousand tons. However, salmon catches are usually compared between even and odd years due to the characteristics of pink salmon. In 2022, 272 thousand tons of salmon were caught.
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