Crab quotas secured at auction

Crab quotas secured at auction

Russian Far East fishing company RRPK has acquired rights to fish 2400 tonnes of crab in the Primorye sub-area.

The quotas were bought at auctions held last month and are for blue crab, horsehair crab and opilio crab, for which the company will pay more than 10 billion rubles.

‘The acquisition by the Russian Fish Company of quotas for the production of crab will open a new highly profitable business sector within the group, and allow us to enter this promising market,’ said RRPK general director Andrey Teterkin.

‘Consumption is growing, primarily due to an increase in demand for these products in south-east Asia.’

In 2017 the company aims for catches of 303,000 tonnes, including 226,000 tonnes of pollock, 65,000 tonnes of herring and now added to these are 2400 tonnes of crab in coastal fisheries. In addition, the company has fishing activity for other species, including cod and squid.