US Seafood Exports Hit by Russian Ban, Says USDA
Russia’s ban on imports of food and agricultural products from countries that have imposed sanctions will have an impact on U.S. seafood exports, and particularly on exports of frozen salmon roe, said the Department of Agriculture in a Global Agricultural…
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Information Network report issued Aug. 22. U.S. seafood comprises 3 percent of all Russian seafood imports, it said. Having banned imports of certain seafood from the U.S., Canada, European Union, Australia, and Norway, Russia will now turn to its own far east, as well as China, Chile, Ecuador, and the Faeroe Islands to fill the gap. But making up for the lost imports will be difficult, and Russian consumers should see prices rise 20-30 percent in the near term, said the report.