A drop in Atlantic cod stocks could cause Russia to overtake Norway for the first time in 2023. About this RBC declaration In the All-Russian Fisheries Industry Association (VARPE) with reference to data from the Food and Agriculture Organization of the United Nations (FAO).
According to WARPE, this has developed as world cod stocks began to decline. In addition, the amount of catch in the world in 2023 may fall to a historical low of 1 million tons. At the same time, Norway’s catch volume fell sharply to 278 thousand tons this year, and Russia’s to 306 thousand tons.
According to German Zverev, head of VARPE, the position of each country is influenced not only by production volume, but also by production methods and promotional channels. Norway is the leader in this regard.
FAO added that cod prices could rise throughout the year due to the decline in world cod production. In turn, this will lead to a redirection of demand for cheaper products from pollock, pangasius and tilapia.
February 7, Vedomosti newspaper cites VARPE data WroteRussia’s export volume of salmon species (salmon, chum salmon, pink salmon) to China in 2022 doubled compared to 2021 to 73,800 tons. In monetary terms, the level of sales of these products to the Chinese side increased by 2.5 times to $249.9 million.