Loss of US Market and Chinese Pressure Threaten Russian Crab Sector
The profitability of the Russian crab sector is facing a significant decline due to a heavy dependence on Chinese importers, who are currently dictating terms to Russian crab fishermen, according to Russian analysts.
Analysts argue China’s status as the primary buyer of Russian crab has allowed local Chinese importers to secure new contracts with Russian crab catchers under highly favorable conditions—often by employing price dumping tactics.
Representatives of major Russian crab producers have noted this has already led to...
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