Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Frozen IQF pollock retail pack made by Agama

Russian fish is sold 10% cheaper due to sanctions

Click on the flag for more information about Russian Federation RUSSIAN FEDERATION
Friday, November 17, 2023, 07:00 (GMT + 9)

Due to external restrictions and logistical difficulties, Russian fish is sold for export at a 10% discount, market participants told RG. The situation is aggravated by exchange rates. A decrease in fishermen's earnings from exports and an increase in production costs increase the risk of increased prices for fish on the shelf within the country.

The average export value of a ton of Russian fish products in 2023 decreased by 10%, the Association of Shipowners of the Fishing Fleet (ASRF) told RG. Over the 10 months of 2023 (the same period last year), the volume of exports increased by 11%, and the increase in value was only 1%. Thus, the price for our frozen pollock fillet has decreased from 3.65 to 3.3 dollars per ton. At the same time, competitors' prices for fish, on the contrary, are rising. In 2022, Russian pollock fillets were sold cheaper than American ones by an average of 3%, and in 2023 the difference had already reached 19% (pollock from the USA costs 3.9 thousand dollars per ton).

The export price for Russian herring in the first half of 2023 decreased by 11%. At the same time, the price of large Atlantic herring exported by our competitors has increased: in Norway - by 21%, in the Faroe Islands - by 36%.

That is, the decline in Russian export prices is not caused by a reduction in demand on the world market. The reason is sanctions and unfriendly restrictions against the Russian Federation, the ASRF concludes. Thus, from July 1, 2022, there is a ban on the import of Russian seafood into the USA; from March 2022, new Russian ships and factories refuse to certify for the import of products to EU countries; in the UK, a 35% duty is applied to our fish, and in the ports of EU countries and Russian ships are prohibited from entering most Norwegian ports.

Source: FSA - Fishery Shipowners Association | Association of Shipowners of the Fishing Fleet

The situation is aggravated by the introduction of an exchange rate duty on exports from October 1 (7%). This also reduces the profitability of the fishing industry, because exports provide more than 50% of the revenue of fishermen and processors, says Aleksey Osintsev, president of the ASRF.

At the same time, fishermen are currently taking on most of the increased costs without passing them on to consumers and processors. In the first half of 2023, the cost of fish products increased by 15% compared to the same period last year. The main reason is high prices for marine fuel. Meanwhile, in large wholesale prices for producers of frozen fish increased by only 6%, Osintsev cites data.

Source: FSA - Fishery Shipowners Association | Association of Shipowners of the Fishing Fleet

In an interview with RG, the head of Rosrybolovstvo (Federal Agency for Fisheries), Ilya Shestakov, also expressed doubts about the advisability of exchange rates for the industry. The same duty applies to all fish. At the same time, the profitability of, for example, canned food is already 3-5%, and the same amount is taken from them as from crab, where the profitability reaches 70%. There must be a differentiated approach, Shestakov believes.

Chairman of the Fishing Union Alexander Panin believes that the exchange rate duties will be extended into next year. In his opinion, the introduction of this mechanism will most likely lead to a decrease in the export of food products, as has already happened with the products of a number of Kaliningrad enterprises.

Author/Source: Tatiana Karabut / RGRU (translated from original in russian)

editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Peru
Jul 10, 06:00 (GMT + 9):
IMARPE Debunks Single Jumbo Squid Population Theory in the South Pacific
United States
Jul 10, 05:30 (GMT + 9):
ASMI: 2025 Weekly Alaska Salmon Harvest Update #4
Russian Federation
Jul 10, 02:30 (GMT + 9):
Russian Far East Reports Strong Start to 2025 Salmon Fishing Season
Spain
Jul 10, 01:00 (GMT + 9):
EU Debates Labeling of Plant-Based 'Fish': Fishing Sector Demands Consumer Clarity
India
Jul 10, 01:00 (GMT + 9):
IN BRIEF - Kasaragod District Earns Kerala Fisheries Excellence Award 2025
Argentina
Jul 10, 00:30 (GMT + 9):
Historic Abundance of Illex: Record 2025 Norpatagonian Squid Season
Pakistan
Jul 10, 00:10 (GMT + 9):
FAO Drafts New National Policy to Transform Pakistan's Fisheries Sector
Chile
Jul 10, 00:10 (GMT + 9):
Chile Forms Alliance for Sustainable Artisanal Jumbo Squid, Driving a Responsible Fishing Future
Viet Nam
Jul 9, 17:00 (GMT + 9):
Vietnam's Fish Cake and Surimi Exports See Continued Growth Amidst Industry Transformation
China
Jul 9, 16:50 (GMT + 9):
Youth Innovation Drives Deep-Sea Fisheries Transformation in Zhoushan
Norway
Jul 9, 08:00 (GMT + 9):
IN BRIEF - Salmon Evolution ASA: Q2 2025 operational update
Spain
Jul 9, 07:00 (GMT + 9):
Sustainable Fishing Milestone: Atlantic Coast Iberian Sardine Recovers MSC Blue Label
Chile
Jul 9, 06:00 (GMT + 9):
IN BRIEF - IFOP Reveals Key Advances in Sea Lice Control in Chilean Salmon Farming
Brazil
Jul 9, 00:10 (GMT + 9):
Brazilian Fisheries Institute Advances Fight Against Lethal Tilapia Virus
Viet Nam
Jul 9, 00:10 (GMT + 9):
Vietnam's Shrimp Exports See Strong May Rebound, But June Outlook Clouded by Trade Uncertainties



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Norwegian Seafood Exports Soar: Herring and Mackerel See Record Prices and Strong Demand in First Half of 2025
Norway Buoyed by strong international demand and strategic shifts, Norway's pelagic sector defies global uncertainties with impressive value growth Oslo – Norway's pelagic seafood sector has repo...
ALPESCAS Urges Resolution in Labor Conflict Threatening Uruguayan Industrial Fishing
Uruguay The Latin American Alliance for Sustainable Fishing and Food Security (ALPESCAS) has issued strong backing for Uruguay's industrial fishing sector amid a labor dispute triggered by the union's disrega...
Norwegian Cod Exports Navigate Quota Cuts with Record-High Prices and Strategic Market Shifts
Norway Despite significant volume drops across categories, Norway's cod industry secures unprecedented values for fresh, frozen, and cured products, buoyed by strong demand and the growing role of farmed cod...
End of an Era: Beloved US Lobster Purveyor Files for Bankruptcy After Decades of Service
United States One of New England's most celebrated seafood companies, Cozy Harbor Seafood, has filed for Chapter 11 bankruptcy. Its downfall reflects the increasing pressure on food and restaurant giants across the...
 

Umios Corporation | Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Aquaculture Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2025 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER