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Production of black caviar in Russia has increased by one and a half times – Rossiyskaya Gazeta

Date: July 18, 2024 Time: 10:29:12

In the first quarter, the production of the delicacy showed the highest growth rate since the first quarter of 2021, compared to the same period in 2020, it almost doubled to 14.74 tons.

In 2006, Caspian countries, including Russia, banned industrial production of sturgeon due to a critical decline in their stocks. This became an incentive for the active development of sturgeon farming. The increase in investment in the construction of sturgeon farms in Russia occurred in the late 2010s, explained VARPE president German Zverev.

“On average, it takes five to seven years to farm sturgeon, so the current increase in black caviar production is a result that the industry had foreseen in advance. According to the producers themselves, this trend will continue next year. two,” he states.

According to the director of VARPE, investor interest in sturgeon farming is stimulated by the reduction in the volume of poached products on the market and the creation of conditions for fair competition. This is due to both the continued decline in wild sturgeon populations and improved government control.

Another reason for the growth is the constantly high demand for black caviar both on the world market and on the domestic market. “Black caviar is a type of product whose quality is a more important purchasing factor than price. Russian products have the best characteristics both in terms of taste and image and are therefore highly appreciated all over the world At the same time, black caviar “As a product unit, it has no competitors among related products, it does not compete for buyers with red caviar or other types, since it has its own special niche,” said Zverev.

According to the president of the Union of Sturgeon Breeders, Alexander Novikov, buyers of our caviar include China, India, Saudi Arabia and other countries. However, export volumes are small; In Russia it is consumed much more. Our veterinary documents are not recognized in all countries.

The growth of indicators is also facilitated by the whitening of the market, including through labeling. “Although it was introduced for sturgeon and salmon species only from May 1, 2024, producers knew about it in advance and those who illegally participated in this understood what this could lead to: suspension of sales, confiscation of products, etc. “, says Ilya Bereznyuk, managing partner of Agro&Food Communications.

There are still many fakes on the market, says Novikov. Low-quality Chinese caviar is imported to Russia, packaged here and passed off as ours. According to him, this deprives companies of incentives to invest in black caviar production projects.

Meanwhile, according to VARPE, imports of black caviar are decreasing: by the end of 2023, by 13.6%, to 18 tons. Now imports do not represent more than a third of the country’s total production (69.4 tons at the end of 2023). Although 10 or 15 years ago it was imported products that dominated the market, and most of them were imported into the country illegally at a reduced price.

Prices for domestic black caviar in the country have remained stable over the past five years. This year, some manufacturers have even reduced prices by about 10% compared to the first quarter of 2023. The inertial effect, thanks to which the growth rate of black caviar production in Russia will remain at a high level, It will allow producers to stop further price increases, increase demand for their products and substitute imports, according to VARPE.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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