New Year brings with it splendid new opportunitiesJanuary 4, 2016 10:46
Something’s smells fishy around here
Can Abu Dhabi’s caviar best those coming from Iran and Russia’s stock? And considering the costs of housing sturgeon in hot climate and export costs, is it all worth it?
April 14, 2011 2:35 by Precious de Leon
Twenty-two live Siberian sturgeon were airlifted to Abu Dhabi to boost development of the world’s biggest caviar factory, according to The National.
While it’s easy to gloss over the magnanimous claim of having the ‘world’s biggest’ anything in the UAE, Kipp has to stop and wonder how big is the caviar market and is there enough demand to sustain the addition of this new project?
While Russia and Iran continue to be the biggest producers of caviar, market for the products remain strong mostly in Europe and North America, which means shipping and packaging costs may be an issue, particularly since these areas already have major producers of the stuff.
France, for example, is one of the world’s biggest producer of farmed caviar. Kipp is pretty sure this is by no means a feat the country wanted to claim. One of the reasons for the fish being bred in captivity is because they have lost wild Sturgeon in the Gironde region through over-exploitation.
Other countries such as Spain, Sweden, Uruguay and the United States are also trying to break into this market. (woah!) Kipp checked and searched for market figures for caviar and couldn’t find any concrete numbers and could only find that the current price in Europe for farmed caviar is about 1.443 euros (£1.22) per kilogramme, compared to 2.103 euros (£1.78) for Iranian Beluga.
According to The National, the plant is a joint venture between Bin Salem Holding, a local conglomerate, and United Food Technologies, a German company.
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