echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > In 2022, Russia's Far East crab quota will be lowered and prices will rise

    In 2022, Russia's Far East crab quota will be lowered and prices will rise

    • Last Update: 2021-12-01
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    In 2022, the quota for crabs in the Russian Far East will be lowered and prices will rise
    .
     
    In 2022, the total quota for crab fishing in the Barents Sea and the Far East in Russia will increase by 4% to 103,090 tons
    .
    Among them, the quotas for Barents sea snow crabs and king crabs have increased significantly, and the quotas for king crabs in the Far East have been reduced (the specific data is shown in the table below)
    .

     
    According to Les Hodges, a veteran crab marketer, more than 50% of the king crabs in the Russian Far East are supplied to Asian countries, mainly for the Chinese and Korean markets.
    In October, the weekly sales of red king crabs are in the range of 300-500 tons, and the sales of snow crabs are 150.
    -200 ton range
    .
     
    With the passing of the production season, the sales and prices of live crabs have increased.
    It is expected that in 2021, the sales and prices in the Chinese market will eventually reach new historical highs
    .
     
    In October, the western area of ​​Kamchatka is the main fishing area for red king crabs, and the northern part of Okhorst is mainly for Opilio snow crabs
    .
    There are 22 red king crab fishing and processing vessels, 20 Opilio snow crab fishing vessels, 7 golden king crab fishing vessels and 1 blue crab fishing vessel
    .

     
    Hodges said that China's consumption has been sluggish.
    In September, retail sales increased by 4.
    4% year-on-year, but it was far below the 8% growth rate in 2019
    .
    Chinese consumer groups buy more than 35% of global luxury goods, and king crabs and other high-quality seafood fall into this category
    .

     
      In the first nine months of this year, China imported 11,121 tons of live king crabs from Russia, an increase of 40% over the same period last year
    .
    Imports of king crabs and snow crabs reached 1,669 tons in September, more than three times more than the 485 tons in August
    .
    The price of king crab also rose by about 40% to $41.
    38/kg.
    It is expected that the price will increase in November and December
    .

    Crab price
     
      In 2022, the total quota for crab fishing in the Barents Sea and the Far East in Russia will increase by 4% to 103,090 tons
    .
    Among them, the quotas for Barents sea snow crabs and king crabs have increased significantly, and the quotas for king crabs in the Far East have been reduced (the specific data is shown in the table below)
    .

     
      According to Les Hodges, a veteran crab marketer, more than 50% of the king crabs in the Russian Far East are supplied to Asian countries, mainly for the Chinese and Korean markets.
    In October, the weekly sales of red king crabs are in the range of 300-500 tons, and the sales of snow crabs are 150.
    -200 ton range
    .
     
      With the passing of the production season, the sales and prices of live crabs have increased.
    It is expected that in 2021, the sales and prices in the Chinese market will eventually reach new historical highs
    .
     
      In October, the western area of ​​Kamchatka is the main fishing area for red king crabs, and the northern part of Okhorst is mainly for Opilio snow crabs
    .
    There are 22 red king crab fishing and processing vessels, 20 Opilio snow crab fishing vessels, 7 golden king crab fishing vessels and 1 blue crab fishing vessel
    .

     
      Hodges said that China's consumption has been sluggish.
    In September, retail sales increased by 4.
    4% year-on-year, but it was far below the 8% growth rate in 2019
    .
    Chinese consumer groups buy more than 35% of global luxury goods, and king crabs and other high-quality seafood fall into this category
    .

     
      In the first nine months of this year, China imported 11,121 tons of live king crabs from Russia, an increase of 40% over the same period last year
    .
    Imports of king crabs and snow crabs reached 1,669 tons in September, more than three times more than the 485 tons in August
    .
    The price of king crab also rose by about 40% to $41.
    38/kg.
    It is expected that the price will increase in November and December
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.