Caviar prices have dropped more than 50% in six years because of Chinese caviar producers that have flooded the global market.
Foto: US caviar producers are now feeling the strain as prices drop.sourceGetty Images„When they are mature, they can give the company profit, but they have to leave us. I find it hard to part with them.“Russia used to be the world’s top producer, butAnd other countries – including Japan, Italy, and the US – have stepped up to meet demand.
Today, China leads the charge with 54% of the world’s commercial caviar farms. And no one has ramped up production quite as fast as the Chinese.And Kaluga Queen has plans to get even bigger. Its deputy general manager said over the next five years, it willThis increase in supply is a threat to other caviar producers, who fear the abundance will lower profits and decrease the value of their product.
But consumers have everything to gain from a lower price. And for now, caviar is still seen as a symbol of luxury.
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