Russian Crab Sector Expecting Headwinds in 2025
The Russian crab sector will face severe difficulties in 2025 due to the decline of global prices and lack of export markets.
According to recent statements by Herman Zverev, head of the All-Russian Association of Fish Producers, in an interview with Forbes Russia magazine, crab fishing in Russia is currently facing a decline in profitability as global crab prices seriously declined in 2024.
In addition, the export duty pressured the cost of Russian crab. The overall debts of Russian crab fishermen are estimated at 600 billion rubles ($5.7 billion)...
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