China farms one-third of the world’s caviar, making it the biggest producer of the luxury food in the world.
Chinese caviar producers like Kaluga Queen are flooding the global market, making the food cheaper and more accessible.
US producers are now feeling the strain, as caviar prices have dropped 58% in six years.
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This sturgeon can produce as much as 33 pounds of eggs. And just 1 pound is worth nearly $57,000.
It’s caviar — also known as “black gold.”
But Chinese caviar producers are flooding the market, making this luxury item cheaper and more accessible in the US.
Wholesale prices for caviar fell 58% from 2012 to 2018 for US producers — and small American caviar farms are struggling to make a profit.
Even so, caviar production in China continues to skyrocket.
China supplies one-third of the world’s caviar, and its biggest producer, Kaluga Queen, raises its sturgeon in this 221-square-mile man-made lake.
Here, a worker is feeding pellets to sturgeon — which are no ordinary fish.
Xia Yongtao, Kaluga Queen deputy general manager: “It’s a living fossil from the Cretaceous period, the era of dinosaurs, and like a ‘living Ferrari’ swimming in the water.”
There are about 200,000 of these “living Ferraris” at this farm eating a diet of shrimp, peas, and vitamins. At 7 years old, they can reach up to 13 feet long and weigh 660 pounds.
And after tending to them for seven years, it’s not always easy to say goodbye.
Qiao Yuwen, Kaluga Queen sturgeon farm worker: “When they are mature, they can give the company profit, but they have to leave us. I find it hard to part with them.”
In the end, it’s a business …read more
Source:: Business Insider