When it comes to caviar, China seems to be able to become a major producer, despite its reputation of food-scandals, says business analyst Shaun Rein in Bloomberg. A boycott of both other producers, Iran and Russia, does help too, he adds.
Mention China alongside almost any food product, and people get nervous. After international incidents involving bleach-soaked meat, antifreeze-laced apple juice, and pine nuts “unfit for human consumption,” the country “is known for tainted food because of repeated quality-control scandals,” says Shaun Rein, managing director for the China Market Research Group.
Kaluga Queen, which produces its caviar about 300 miles southwest of Shanghai, is mindful of these associations
“The biggest obstacle is the low trust of Chinese food safety,” says Lily Liu, marketing manager for parent company Hangzhou Qiandaohu Xunlong Sci-tech Co….
Until recently, Russia and Iran dominated the caviar export market, harvesting the delectable eggs from beluga sturgeon in the Caspian Sea. Overfishing there eventually landed them on the endangered species list, and as supply dwindled, other nations, including Japan, Israel, and China, have started to fill the gap.
“Exports of Chinese caviar will boom because of sanctions and limited supplies from Iran and Russia,” Rein says. “Many restaurateurs will buy Chinese caviar because of good quality, reasonable price, and ample stock.”
Are you looking for more stories by Shaun Rein? Do check out this list.