Russia: Russian Fisheries Sector Production and Trade Update

Commodities

The 2015 total Russian wild catch production increased more than 4 percent compared to the 2014 total catch and is estimated at 4.41 MMT. This year Russia continued the comprehensive reorganization of the fisheries sector, from improving resources management to increasing local processing and distribution. The Government of Russia (GOR) has sought to effect these reforms through a number of government resolutions and rules to improve regulation and transparency. However, an obsolete fleet combined with an underdeveloped fishing port infrastructure, administrative barriers, and a lack of investment; remain as main constraints to sustainable development of the sector. In CY2015, Russian per capita fish consumption declined to 19 kg per and is forecast to continue to decline to 15 kg per capita by the end of 2016. The decline in consumption is largely attributable to increasing prices and declining incomes.

Russia: Russian Fisheries Sector Production and Trade Update