Russia Considers Overhaul of Deep-Sea Crab Quotas Amid Industry Challenges
The Russian government plans to ease existing requirements for deep-sea crab fishing by abolishing quotas under the current investment quota program. The industry's profitability continues to decline, with 40% of enterprises currently operating at a loss.
As for deep-sea crabs, Rosrybolovstvo has repeatedly attempted to sell quotas for its catch since 2019, each time reducing the starting price. Despite the reductions, demand for the quotas remained low.
Still, as experts of the Russian All-Russian Association of Fish Producers (VARPE) told in an interview with...
To Read Full Story Login Below.