Russia: The Ministry of Agriculture has proposed compensating fish farmers' capital expenditures on aquaculture nurseries

Published 2024년 10월 28일

Tridge summary

The Russian Ministry of Agriculture is planning to subsidize 25% of the capital expenses for the establishment and modernization of hatcheries that produce fish planting material, in an effort to decrease the industry's reliance on imported products. This move aims to mitigate the current 90% dependence on imported fish feed and planting material. The subsidy is expected to be implemented in 2025, with the hope of increasing domestic production and lowering the payback period for facilities creating domestic planting material. The total investment cost for projects seeking state support is estimated at 25.2 billion rubles, with the subsidy amounting to about 6.3 billion rubles.

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Original content

Russian aquaculture's dependence on imported fish feed and planting material is currently around 90% Moscow. October 28. INTERFAX.RU - The Ministry of Agriculture proposes to compensate fish farmers' capital expenditures for the creation and modernization of hatcheries for growing fish planting material for breeding salmon and valuable seafood by 25%. The corresponding draft government resolution is posted on the website regulation.gov.ru. As stated in the explanatory note to it, the proposed measure is aimed at accelerating the reduction of the domestic market's dependence on imported products, as well as stimulating the production of domestic planting material for salmon and valuable seafood in the required quantity and quality. The Ministry of Agriculture draws attention to the fact that the production of commercial aquaculture products in the first half of this year decreased by 8% compared to the same period last year. The main reasons for this, in particular, are the lack of ...

Source: Interfax