FAS began monitoring prices for red fish due to a sharp rise in price

The Federal Antimonopoly Service (FAS) assured that they regularly monitor fish prices in Russia. A statement from the department's press service is quoted by TASS.

Representatives of the FAS reacted in a similar way to information about a sharp increase in the wholesale cost of red fish on the domestic market. If signs of violation of antimonopoly legislation are revealed by market participants, they will face the punishment provided by law. “The service will promptly take response measures,” the press service summarized.

This includes abuse of a dominant position by market participants, the department added. Since the spring of this year, the FAS recalled, the government has introduced mandatory registration of over-the-counter transactions with fish products. The measure affected transactions of more than 10 million tons with pollock, cod, haddock, herring, mackerel, pink salmon, chum salmon, and sockeye salmon. It should help ensure transparency of pricing in the domestic market.

Kommersant previously reported a sharp rise in prices for popular fish species in Russia. According to the Federal State Unitary Enterprise Natsrybresurs, over the past year the wholesale price of Far Eastern sockeye salmon has jumped by 36.1 percent, and chum salmon by 73.9 percent. During the reporting period, the most affordable red fish, pink salmon, increased in price the most (plus 97 percent).