Fish production grows almost 6% in 2020 with high consumption during the pandemic in Brazil

Published 2021년 2월 23일

Tridge summary

In 2020, Brazil's fish production saw a 5.93% increase, reaching 802.3 thousand tons, which is the second-best growth since 2014. This growth was primarily driven by a surge in domestic consumption in the latter half of the year, following a initial decline due to the pandemic. The tilapia production stood out, with a 12.5% growth, contributing to 60.6% of the total production. On the other hand, the production of native fish saw a decrease of 3.2%. The industry faced challenges due to rising costs, especially from raw materials for animal feed, but managed to recover and even finish the year with a profit.

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

Original content

Fish production in Brazil grew 5.93% in 2020, at 802.3 thousand tons, the second best performance since 2014, informed the Brazilian Association of Pisciculture (Peixe BR) on Monday (23). The advance was driven by the increase in domestic consumption during the second half of the year, after a negative impact at the beginning of the coronavirus pandemic. "The pandemic hit the spotlight in the weeks before Holy Week, the 'Christmas of fish farming'. Sales plummeted and brought a lot of concern to the various links in the production chain," said the association, in a statement. "It was necessary to redo plans, adjust costs and redouble the attention”, adds the executive president of Peixe BR, Francisco Medeiros. With the pandemic scenario more adjusted, the second half of 2020 was the best of fish farming in recent years. "Consumption growth grew consistently and the sector responded with a greater offer. As a result, prices to producers remained at consistent levels and the links ...

Source: G1globo