Russian fishmeal production continues to grow, new trawlers approved to supply China

Published 2024년 10월 8일

Tridge summary

The Russian Fishing Shipowners Association has announced that new Russian fishing vessels, primarily from the Russian Fisheries Company and Atlantrybflot, have been approved to enter the Chinese market, removing non-tariff barriers. These vessels, built under a state-supported investment quota program and equipped with modern processing equipment, open new export opportunities for Russian fishing companies amid geopolitical challenges in European and American markets. Russia's fishmeal production is on the rise, with China expected to become its largest market. The country is investing in new trawlers to further expand its fishmeal production and export capacity.

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

Original content

According to a statement released by the Russian Fishing Shipowners Association (FSA), the approval of Russia's new fishing vessels eliminates non-tariff barriers to entering the Chinese market. The fishing vessels that were allowed to enter the Chinese market this time mainly come from the Russian Fisheries Company (RFC) and Atlantrybflot under the FOR Group. These fishing vessels were built under the Russian state-supported investment quota program and are equipped with modern processing equipment to produce a variety of value-added products, including fish meal and fish oil. The entry of these trawlers not only expands the market scope of Russian fish meal exports, but also provides new export channels for Russian fishing companies that have lost European and American markets due to geopolitical conflicts. Russia's fish meal production has been steadily increasing in recent years. According to statistics from Agroexport, an agricultural data and analysis agency, Russia's ...

Source: Foodmate