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S.
and European markets shut down, but logistical challenges and price slumps have become new problems
as large quantities of produce pour into the region.
According to the Russian Association of Far Eastern Crab Cathers, by the end of September, Russia's total crab exports to China reached 13,500 tons, up from 11,500 tons
supplied to the country last year.
As of July, South Korea imported about 12,000 tons of Russian crab, compared with 7,660 tons
for the whole of last year.
supplied to the country last year.
As of July, South Korea imported about 12,000 tons of Russian crab, compared with 7,660 tons
for the whole of last year.
The shift to the Asian market has not been simple after both countries and major buyers banned direct imports, with crabs now in reefers waiting to be sold in higher stocks than usual
.
.
The CEO of the Murmansk-based Northwest Fisheries Union (SZRK), one of the two major companies involved in the Barents Sea crab fishing, called the shift in "new realities related to sanctions" part of the challenge
.
"There's no way to sell products quickly," he said
.
Another 30,000 tons of Russian crabs entering the Asian market have already caused prices to fall
sharply.
.
"There's no way to sell products quickly," he said
.
Another 30,000 tons of Russian crabs entering the Asian market have already caused prices to fall
sharply.
While Russian crab companies continue to look for new markets for their products, few promising alternative markets have emerged, including the domestic market
.
"Given the low purchasing power of the population, we are ready to supply crabs to the Russian market at special preferential prices," he said
.
However, he said, strict limits on arsenic levels in crab products make this market challenging
.
.
"Given the low purchasing power of the population, we are ready to supply crabs to the Russian market at special preferential prices," he said
.
However, he said, strict limits on arsenic levels in crab products make this market challenging
.
The closure of the Bristol Bay red king crab and snow crab fisheries earlier this month, while opening a huge gap in the United States, did not present Russia with any new opportunities
.
.
While some Russian seafood species can essentially bypass U.
S.
bans on importing Russian seafood through reprocessing in China or other third countries, the head of the Russian Far East Crab Catchers Association said it is not a loophole
that any company exporting crabs can easily exploit.
"Re-exporting Russian crabs to the U.
S.
through a third country won't work, because it's easy for Americans to track the crab's country of origin," he said
.
S.
bans on importing Russian seafood through reprocessing in China or other third countries, the head of the Russian Far East Crab Catchers Association said it is not a loophole
that any company exporting crabs can easily exploit.
"Re-exporting Russian crabs to the U.
S.
through a third country won't work, because it's easy for Americans to track the crab's country of origin," he said
.
In addition, he believes that the US market hoarded a lot of Russian crabs last year, and there may be a large amount of inventory that needs to be digested
first.
first.
Russia traditionally exports more than 90% of its harvested crabs
.
According to the Russian Federal Customs Service, the country's total supply of crabs abroad was 75,300 tons worth $2.
6 billion (2.
6 billion euros) in 2021, with the United States and the European Union accounting for nearly half
of the total.
.
According to the Russian Federal Customs Service, the country's total supply of crabs abroad was 75,300 tons worth $2.
6 billion (2.
6 billion euros) in 2021, with the United States and the European Union accounting for nearly half
of the total.
Last year, the United States imported 31,895 tons of crabs from Russia, mostly brine frozen products, worth $1.
2 billion (1.
2 billion euros),
according to Russian customs data.
2 billion (1.
2 billion euros),
according to Russian customs data.
