Spain: Aquaculture is already affected by the war

Published 2022년 3월 16일

Tridge summary

The article highlights the economic impact of the Russian invasion of Ukraine on the fish farming sector in Europe, as reported by Apromar. The sector is facing a crisis due to increased costs of feed, energy, and supplemental oxygen for fish farming, primarily due to Ukraine's importance in producing raw materials for fish feed and the war's disruption of supply chains. Apromar is seeking aid and measures such as capping electricity prices from the European Union to mitigate these challenges. The rise in production costs is not being matched by a commensurate increase in the price of farmed fish, especially in Ukraine, where the war has led to potential reductions in fish consumption among low-income families.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian invasion of Ukraine "takes its toll" on fish farmers and generates a "perfect storm" in the sector that will be reflected in retail prices, according to Apromar, who fears a drop in consumption "especially in the case of families with low incomes". Apromar has requested aid, within the funds of the European Union (EU), and other measures such as a limit on electricity prices. Among the consequences of the war in Ukraine for aquaculture, the rise in feed prices for farmed fish stands out, since it represents approximately 60% of the production costs of fish, because Ukraine is an "important" operator in the production wheat gluten, corn, sunflower and rapeseed oils. In addition, the employers have warned that the very supply of raw materials by manufacturers of fish feed is at risk. «A fierce competition has been unleashed between bioenergy and livestock uses to acquire the same raw materials from other markets. This especially includes the shortage of non-GMO plant ...

Source: PEefeagro