State of the branch

State of the branch
Fishery is the leader among the basic industry branches of Chukotka's economy in regards of the profit volumes it brings; it is showing steady growth and high profitability. Compare: the fishery of the region accounts for 10% of its profit, 9.65% are provided by the gold and silver mining industry. Between 2000 and 2004, the branch had the following characteristics:

Profit of the branch grew by 124%;
Productivity – by 101%; and
The number of the people employed in this sector of economy – by 11%.

West Bering Sea zone accounts for 17% of all sea biological resources of Russia. Possible catch of fish and non-fish objects in 2006 is estimated to be 644 thousand tons, 2 thousand tons of which are salmon. Compare: the potential of Primorie for the same year accounts for only 333 thousand tons.
Assessed value of fish caught in a 200-mile zone of West Bering water area is $0.5 billion - $1 billion a year.
The most valuable sea resources are:

5 species of Pacific salmon (Siberian salmon, red salmon, hunchback salmon, silversides and king salmon);
Invertebrates (blue crabs, pointed shrimps, yellow sea-urchins).

Due to the freezing of the ports, there is seasonality in fishery: fish trade lasts from May-June to September-October.

Anadyr

5:41 -14°C

COMMENTS

The program of economic development in Chukotka can be carried out, considers vice-premier of government CHAO M. Sobolev.

First of all, the long-term program leans on resources of peninsula. Let’s begin that geological resources of Chukotka are explored today on 10 %-17 %. The next regions are explored much better. And even on these, tentative estimations resources here can be found. The proved resources of gas on the Priosernoe deposit - 7,3 billion cubic meters. Oil resources are estimated approximately in 10 million tons, the proved stocks make 4 million tons of them. They are dispersed on small Fields, such, as Hatirskoe, where extraction is conducted by "Sibneft" company. But it is not necessary to dismiss a shelf – it’s insufficiently studied yet, but there are data, that it’s resources can make up to 14 billion tons of conditional fuel. Exxon Mobile Company in similar ice conditions, in Baffin bay has constructed 7 platforms. What prevents to construct them here?
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Reindeer breeding can be profitable: E. Marochkin acting on the head of agriculture and foodstuffs department makes comments.

There was a moratorium on an industrial slaughter of deers in district till 2006. But now it is removed, farms have allocated a contingent for commodity slaughter this year. It is planned to hand over in a trading network about 9 thousand deers this year. Within the limits of national project the agrarian and industrial complex have got slaughter area on terms of financial leasing which is assembled in Kanchalan. Basically its value is in that correctly cut production will receive a trade look and will answer all established norms. The livestock of deers for September, 1st - from above 183 thousand. It’s below the level of 1990 (490 thousand heads), nevertheless, in Chukotka a livestock grows on faster rates, than on Yamal, and it’s our main competitor. Potential market - not only Vladivostok, but also Japan, Korea, China. Reindeer breeding is, at least, preservation of a traditional way of life of native people and food safety of region and when sales volumes become great enough, branch can turn in profitable.
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