New tariffs on white fish imported from Russia are causing “panic” across the fish sector in the United Kingdom, and could lead to shortages and price hikes, industry insiders have warned.
Businesses this week issued urgent calls for clarity on the true impact of the 35% tariffs, imposed by the UK government on 15 March in response to Russia’s attack on Ukraine. The far-reaching tariffs, estimated to be worth almost £1bn, will apply to a raft of food products and materials used in food and drink including beverages, cereals, spirits (including vodka), vinegar, oilseeds, white fish and fertilisers.
The tariffs look set to impact UK supply, which is heavily reliant on imported white fish. As much as 90% of the cod consumed in Britain comes from overseas, according to the Marine Conservation Society.
One seafood supplier told The Grocer the move was causing “panic and concern” in the industry. While the measures are unlikely to have an immediate impact, there remain big question marks over how the tariffs will affect supplies over the longer term…