Fishy deal down by the Caspian

FIRST there was Opec. And now to hold the world to ransom for another kind of black gold there is Ocec, writes Charles Richards. The Organisation of Caviar Exporting Countries has been set up by the five countries bordering the Caspian Sea - Iran, Russia, Azerbaijan, Kazakhstan and Turkmenistan. Officials meeting in the Iranian port of Bandar Anzali agreed to co-ordinate the world marketing of caviar.

An informal price-fixing arrangement always operated. Before the collapse of the Soviet Union, if the Iranians set a price for caviar, from the commonest sevruga to the finest beluga, the Soviet marketing arm would match the price. It would take into account different import duties. EC countries impose 30 per cent duty on caviar from the former Soviet Union and its successors, as developing countries. Duty on Iranian caviar is only 12 per cent, but the US bans imports.

Importers of the salty raw eggs of sturgeon were divided about the effectiveness of the new caviar cartel. John Stas, of W G Whites, the largest British importer of caviar from the former Soviet Union, welcomed the stability after the previous year's trading chaos. 'Hopefully now things will settle down,' he said.

Peter Rebeiz, president of the Geneva-based Caviar House International, was sceptical: 'I don't believe it. As far as I can see, they are still negotiating. I don't think there will ever be agreement. They don't have the same problems.'

Russia is both a producer and consumer. It produces some 150-200 tons a year, of which 20 per cent are exported. Iranians eat far less. Iran produces 240 tons a year, of which 200 tons are exported.

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA special investigation by Andy McSmith
Arts and Entertainment
Natural beauty: Aidan Turner stars in the new series of Poldark
tv
Arts and Entertainment
Season three of 'House of Cards' will be returning later this month
tv

News
VIDEO
News
Mia Freedman, editorial director of the Mamamia website, reads out a tweet she was sent.
news
News
people
Arts and Entertainment
The write stuff: masters of story-telling James Joyce, left, and Thomas Hardy
books...begging to differ, John Walsh can't even begin to number the ways
Sport
Jose Mourinho on Sky Sports
footballEXCLUSIVE COLUMN Paul Scholes: It was not a leg-breaking tackle, as the Chelsea manager had claimed
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Ventilation Cleaning Operative

£15600 - £17000 per annum: Recruitment Genius: This is an opportunity to join ...

Recruitment Genius: Bookkeeper

£23000 - £26000 per annum: Recruitment Genius: This small, friendly, proactive...

Recruitment Genius: Photographic Event Crew

£14500 - £22800 per annum: Recruitment Genius: This is a fantastic opportunity...

Recruitment Genius: Software Developers - .NET / ASP.NET / WebAPI / JavaScript

Negotiable: Recruitment Genius: A Software Developer is required to join a lea...

Day In a Page

HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?
How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

Time to play God

Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

MacGyver returns, but with a difference

Handyman hero of classic 1980s TV series to be recast as a woman
Tunnel renaissance: Why cities are hiding roads down in the ground

Tunnel renaissance

Why cities are hiding roads underground
'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

Boys to men

The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
Crufts 2015: Should foreign dogs be allowed to compete?

Crufts 2015

Should foreign dogs be allowed to compete?
10 best projectors

How to make your home cinema more cinematic: 10 best projectors

Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

Manchester City vs Barcelona player ratings

Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

Monaco: the making of Wenger

Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

Chris Gayle: The West Indies' enigma

Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
In Ukraine a dark world of hybrid warfare and murky loyalties prevails

In Ukraine a dark world of hybrid warfare

This war in the shadows has been going on since the fall of Mr Yanukovych
'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

Homage or plagiarism?

'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
Broadchurch ends as damp squib not even David Tennant can revive

A damp squib not even David Tennant can revive

Broadchurch, Series 2 finale, review
A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

Inside the mansion of Germany's 'Bishop of Bling'

A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower