Aquafeed production in Russia remains dependent on imports

Published 2023년 10월 26일

Tridge summary

The share of domestic feed in the Russian aquaculture feed market increased by 10% in the first eight months of 2023, while the share of foreign feed decreased. However, the production of domestic feed still cannot meet the demands of the market. Imported aquaculture feeds account for 68% of the market, compared to 78% in 2022. The industry is growing, but faces difficulties such as dependence on imported raw materials and a lack of production facilities and feed additives in Russia. Russian scientists are working on developing feed for aquaculture that does not require fishmeal and oil.

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

Original content

Based on the results of the first eight months of 2023, the share of domestic feed in the aquaculture feed market increased by 10%, while the share of foreign feed, on the contrary, decreased. Our own feed production still does not cover the demands of the domestic market. Imported aquaculture feeds occupy no more than 68% of the Russian market as of September 2023, reports Feedlot CEO Lyubov Savkina. At the same time in 2022, this figure was 78%, so it can be noted that the industry in Russia is actively developing. However, as stated in the message seen by sfera.fm, production faces difficulties - for example, dependence on imported raw materials. According to Feedlot, in just eight months of 2023, supplies of foreign feed to Russia decreased by 17%. Supplies from the EAEU suffered first, but supplies from Turkey increased fourfold, which allowed Turkey to enter the list of leading suppliers in Russia in this industry (according to Feedlot, supplies from Turkey accounted for 27% ...

Source: Agronovosti