Russia: New vessels will be able to supply fishmeal to China

Published 2024년 9월 30일

Tridge summary

The Ministry of Agriculture and Rosselkhoznadzor have included vessels built under investment quotas in the list of fishmeal suppliers to China, eliminating non-tariff barriers for Russian fishmeal suppliers. This comes as Russian fishermen have seen a significant increase in fishmeal production, which is expected to continue to grow into 2024. The fishmeal market is predicted to see significant growth over the next decade.

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

Original content

“The inclusion of vessels built under investment quotas in the list of fishmeal suppliers to China has eliminated the non-tariff barrier for the supply of this product from new capacities to the key market. This is the result of the systematic work of the Ministry of Agriculture and Rosselkhoznadzor in developing fish product exports,” said ASRF President Alexey Osintsev. Recall that Russian fishermen are actively increasing their production of fishmeal. ASRF analysis showed that over the five years from 2018 to 2023, its production in Russia increased by one and a half times (from 116.5 to 174.1 thousand tons) with an average annual growth rate of 8.4%. According to expert forecasts, by the end of 2024, compared to 2023, production will grow by another 11% - to 193 ...

Source: Fishretail