Black caviar production in Russia might double by 2030

Photo: Banks with a black sturgeon caviar.

Photo: Banks with a black sturgeon caviar.

Kommersant
Russia's other black gold rebounds after years of declining production.

The head of Rosribolovstvo, Ilya Shestakov, said that in 2030, the production of black caviar might double in size, although this won't impact prices, RNS reported.

“We can increase black caviar production by as much as two-fold by 2030, as long as the product stays in demand,” said Shestakov. “We have the goal, the need, the interest and the investors.” 

He added that black caviar's price cannot go lower because the possibility of obtaining eggs from the sturgeon only increases in its seventh to eighth year, and during this time the fish needs care. He also emphasized that lower prices might occur, not as a result of increased production volumes, but due to the introduction of new technologies that will help reduce the period for obtaining caviar.

In 2016, black caviar production grew 3.5 percent to 44 tons, according to Rosribolovstvo. In the years from 2008 to 2011, Russia suspended wild black caviar production in order to let sturgeon stocks replenish.

First published in Russian by Gazeta.ru

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