Prices for salmon, including varieties used in sushi and wraps, aren’t expected to rise in the near term. This outlook comes from the Fish Union via TASS, the Russian news agency.
There is no immediate pressure for price increases. The fish segment this year shows better momentum than last year, according to the Fish Association’s press service reported to TASS.
The Union notes that imports of salmon and trout have rebounded after a dip in 2022. In the first seven months of 2023, imports rose by 12 percent from the same period a year earlier, totaling 48 thousand tons. This rebound aligns with stabilizing demand in North American markets as well, where salmon demand in Canada and the United States has remained robust through fishing season shifts and supply adjustments (citation: Fish Association report).
Domestic production of premium fish species is also rising. The Fish Association reports that Murmansk salmon prices have fallen by about 14 percent versus last year, moving to roughly 1,200 rubles per kilogram, a level that could influence regional pricing dynamics beyond Russia’s borders (citation: Fish Association data).
Another factor supporting price stability is a strong fishing season in the Far East. Catches of pink salmon and other salmon species surged this season, exceeding last year’s totals by around threefold, a development that helps offset supply constraints and can translate into steadier wholesale pricing across markets including North America (citation: Fisheries industry briefing).
The association also notes that a record salmon catch in the Far East has already contributed to lower wholesale prices in various regions, which is closely watched by buyers and restaurateurs in major markets such as Canada and the United States that rely on steady supply for sushi and seafood menus (citation: Fisheries industry briefing).
Meanwhile, near the same period, operators of Japanese cuisine-focused restaurants in Russia faced supply challenges for essential components, highlighting how global supply chains affect restaurant procurement. This serves as a reminder for North American operators to monitor sourcing options and diversify suppliers to maintain menu consistency (citation: Industry observers).
In related shifts, beer imports into Russia saw a sharp uptick, reflecting broader changes in consumer spending and trade patterns that can influence food and beverage pricing broadly across markets, including North America where seafood and beverage logistics remain tightly linked to seasonal demand and currency movements (citation: Market report).