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Before Maslenitsa and International Women's Day, fishermen decided to reduce prices for red caviar. In the Russian Far East, prices for salted pink salmon caviar start at 4.5 thousand rubles per kilogram, which is 1.5 times cheaper than in December 2024. Prices for chum salmon caviar have decreased to 5.5 thousand rubles per kilogram, which is 15% lower. In Moscow, prices have also dropped: pink salmon caviar has become less than 1% cheaper, down to 8.1 thousand rubles per kilogram, and chum salmon caviar is 7% cheaper, on average down to 8 thousand rubles per kilogram.
The President of VARPE, Herman Zverev, explained that fishermen in the Russian Far East still have a lot of red caviar available, both frozen and packaged for consumers and wholesalers. He noted that the fishing industry is ready to meet the entire market demand.
Zverev also pointed out that fishermen's prices do not depend on peak sales seasons. By the end of autumn and the beginning of winter, prices stabilize, and after the end of January, they sharply decrease as fishermen aim to sell off the remaining stock and free up their cold storage capacities for a new catch. The fishing season in the Russian Far East begins on June 1, and fishermen try to sell as much product as possible before that time.
On the other hand, the prices of wholesalers, processors, and retailers are more influenced by peak periods of consumer activity, such as New Year and spring holidays. However, considering the large supply of caviar on the market and the significant reduction in wholesale prices, VARPE expects retail prices to also decrease.
According to Rosstat data, the production of salmon caviar from January to November 2024 amounted to 9.4 thousand tons, which is 2.5 times less than in the same period of 2023. The Chairman of the Fishery Union, Alexander Panin, predicted that red caviar production in 2024 would amount to 11.5 thousand tons with consumption of about 15 thousand tons per year. However, processors still have large stocks of frozen caviar from last year, when about 25 thousand tons were produced. Panin noted that with the current year's production and carryover stocks, the supply exceeds demand by 15 thousand tons. Currently, there is an excess of red caviar on the market, not a shortage.
