Russia: Red caviar 'price rockets'
There's bad news from Russia for caviar connoisseurs - prices of even the cheaper alternatives are up 70%, it's reported.
Red caviar - or salmon roe - is usually at the more affordable end of the market, at less than a 10th of the price of the prized beluga in the UK. However, in Kamchatka territory, which produces up to 60% of Russian caviar each year, wholesale prices have jumped from about 1,500 roubles (£30) to 2,500 roubles (£50) per kilogram (2lb 3oz) since June, reports business daily Kommersant. Apparently, it's been caused by a 40% slump in the salmon catch compared with last year.
Aleksandr Savelyev, from Russia's fishing agency Rosrybolovstvo, insists there's no reason to panic. "The fishing season will continue for several months more and the fish that has yet to come to our shores for whatever reason will get here," the paper quoted him as saying. Russia produces an average of 11,000 to 13,000 tonnes of red caviar each year. Just 100g will set you back about £14 in the UK.
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