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Commercial Fishing



First international fish auction in Vladivostok. In Vladivostok, Russia, the first international auction for the sale of premium fish products recently took place.

On July 3, 2020 in Vladivostok, the first auction for the sale of herring caviar ended. Six Japanese companies claimed 334 tons of products. Previously, such large auctions were held only abroad, in particular, South Korean Busan, which is considered the centre of auction fish trade. The Federal Fisheries Agency has repeatedly noted the need to create a similar exchange platform in Russia.

To organise the auction, a new refrigeration complex was built, built by Diomidovsky Fishing Port LLC (DRP) in the seaport of Vladivostok. The terminal allows trans shipment of about 150 thousand tons of fish products per year and store 6 thousand tons at a time. The project was implemented as part of an agreement signed with the Federal State Unitary Enterprise Natsrybresurs. This most modern logistics complex in terms of functionality is not inferior to foreign fish terminals. It includes three freezers of different capacities, moorings and loading and unloading areas. The refrigerator building is located several tens of meters from the berths, which allows fish products not to lose temperature during overloads. The complex is designed for cooperation with coastal fish processing plants of Kamchatka and Sakhalin.

Transferring auctions to Russian jurisdiction will give great prospects in terms of organizing a fish exchange at other sites, including at Nazimov Cape, where refrigeration facilities for trans shipment of fish products should be built. An additional refrigeration and storage complex with a capacity of 40 thousand tons is also planned to be created in the Vladivostok Sea Fishing Port.

In Russia, there are now several commercial exchange platforms that work with fish products. But while this direction is only developing, as fishermen use mainly other distribution channels. In the short term, it is planned to oblige companies to sell part of the products through the Russian auction site.

As Ilya Shestakov, Deputy Minister of Agriculture of Russia, Head of the Russian Fisheries Agency, previously noted, in 2020 the task is to pass a bill on the creation of the first fish exchange in Russia, but most likely with a delayed entry into force. “In order to introduce a commitment for fishermen, it is first necessary to create infrastructure and sites that meet the requirements for exchange trading around the world. This tool is designed to bring to the Russian market part of the products that are sold today abroad, including on foreign exchanges. We believe that this will make export flows more transparent and will allow us to leave added value in the domestic market and load onshore processing.”

Source: Federal Fisheries Joint Press Service