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Something’s smells fishy around here

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



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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5 Comments

  1. Elias Chahine on April 17, 2011 7:27 am

    Kindly send me 10kgs per month of Beluga if it is going at 2.103 euros per kg!!!!

     
  2. Gordon Torbet on April 17, 2011 7:56 am

    Interesting article but you really need to proofread before going live:

    “Something’s smells fishy around here”

    “And considering the costs of housing sturgeon in hot climate and export costs, is it all worth it?”

    “This is by no means a feat Kipp is sure the country wanted to claim as one of the main reasons for the sturgeons being bred in captivity is because they have lost wild Sturgeon in the Gironde region through over-exploitation.”

     
  3. MK on April 17, 2011 11:39 am

    Growing up in Iran, we used to eat Caviar every now and then…it was a treat, an acquired taste that was definietly not liked by all! However, slowly it became increasingly expensive to buy this black gold. This was primarily due to higher revenues attained through exportation rather than selling to local consumers.

    Ironically today Iranian Caviar is so expensive that, most Iranians in Iran can’t afford to buy it. This is unfortunate to see when Iran is the exporter of some of the world’s finest cavair (such as the Golden Egg Caviar).

    For the UAE, on the contrary, the production of caviar could mean that the Emiratis (most of whom CAN afford caviar) would now end up acquiring this luxurious commodity much easier! I say good for them.

    It would also be interesting to see whether with this higher production, the prices would actually fall compared to what they are now?…Or will they stay the same or perhaps even continue to rise?

    Indeed something’s fishy going on!

     
  4. Haitham on April 17, 2011 11:50 am

    “France…Other countries such as Spain, Sweden, Uruguay and the United States are also trying to break into this market”

    so if all those countries are trying to enter the caviar market, why do you think there’s no demand for caviar and why not to encourage the UAE for that matter??

    i didnt like kipp’s approach to this feature.

     
  5. Andrew on April 17, 2011 11:56 am

    Come on Kipp, whip your proof reading monkeys harder.

     

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