Rising prices for red caviar in Russia: Kamchatka Governor explains the reasons

In 2024, Russia experienced a significant decrease in red fish productivity, resulting in a catch that was only a third of the 2023 catch at 130 thousand tons. This decrease has led to a price imbalance in the market, as the majority of the catch is being redirected to meet the growing demand for caviar consumption within the country. As a result, other fish products, including red caviar, have seen a increase in price. However, it is anticipated that caviar prices will see a decrease of 6-8% after the New Year holidays.

According to him, the situation is caused by the low productivity of red fish fishing. In 2024, 130 thousand tons of fish were caught, which is 3.5 times less than in 2023. Solodov noted that caviar consumption in the country continues to grow, which leads to the redirection of almost the entire product to the domestic market and, as a result, to a price imbalance. The governor prefers sockeye salmon caviar and buys it at a price of 7-7.5 thousand rubles per kilogram. Earlier, other products, including red caviar, also became more expensive in Russia. It is ...