Global shrimp and salmon farmers are set for a year of profits and plenty

So predicts seafood analyst Gorjan Nikolik, in Rabobank’s Global Aquaculture Update, which focuses on the first half of 2022, and was published today. The report presents a very positive outlook for both farmed salmon and farmed shrimp, while fishmeal volumes are - on balance - likely to be similar to last year. “Assuming no further cost increases, the shrimp sector is likely to continue expanding supply in H1 2022, inspired by good demand and market prices,” Nikolik suggests. This expansion will, he expects, be driven primarily by continued production increases in India and Ecuador in particular, following on from impressive growth levels in both countries during 2021. Indeed, as the report notes, Ecuador’s shrimp production topped 1 million tonnes last year – making it the best year in its history. “Driven by the US, but also by Europe and the gradual recovery in China, shrimp demand rebounded strongly in 2021. Provided the global economy continues along the path of recovery ...