Under New Quota Auction Plan, Russian Crab Industry Consolidation, Monopolization Will Increase
The Russian crab industry continues to gradually move toward consolidation and monopolization, reflected by the recent changes of rules for the conduction of auctions in the industry, according to recent statements of some leading Russian fishermen and industry analysts.
As part of these plans, a new method for calculating the initial value of lots for crab auctions in Russia has been recently proposed and already sparked criticism from the majority of the industry’s players.
According to German Zverev, president of the All-Russian Association of Fishery Enterprises...
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