VARPE: a sharp increase in wholesale prices for red fish is caused by a failed fishing season

The main reason for the sharp rise in price of red fish in the wholesale market was the disastrous salmon fishing season. This was reported by Kommersant with reference to a statement by the All-Russian Association of Fisheries (VARPE).

This year, analysts note, the volume of catches of popular fish species turned out to be many times lower than the original forecast. By the end of September, fishermen managed to catch only 98.4 thousand tons of salmon. The rapid decline in supply ultimately directly affected the wholesale price of red fish, experts explained.

They named the growth of the dollar as other important reasons for this dynamics. The weakening of the ruble made export supplies more attractive. As a result, the already not the highest supply on the domestic market began to fall. The situation was also affected by the rise in the cost of lending and the growing costs of industry enterprises, the specialized association stated.

Over the year, the wholesale cost of red fish in Russia increased by 36.1-97 percent, depending on the type. The most affordable pink salmon increased in price the most during the reporting period.