Challenging conditions begin to improve in global aquaculture as demand increases and costs normalise

Published Jul 17, 2024

Tridge summary

The global aquaculture industry is experiencing positive trends with increased demand for salmon and shrimp in the latter half of 2024, driven by the recovery of Western economies and lower feed costs due to improved fish meal supply. The salmon market is characterized by tight supply and high prices, with potential supply recovery in Norway and Scotland. The shrimp sector is recovering in Western markets but faces challenges from potential oversupply in Ecuador, India, and Vietnam, and reduced demand in China. Both sectors are expected to benefit from lower feed costs, although profitability issues remain.

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

Original content

Challenging conditions begin to improve in Global aquaculture as demand increases and costs normalise. According to a recent RaboResearch report, the global aquaculture industry is experiencing positive trends as demand for salmon and shrimp begins to improve in the second half of 2024. Despite ongoing biological challenges in farming these species, the industry is supported by the recovery of Western economies. Feed costs are anticipated to decrease, thanks to a rebound in fish meal supply, providing a silver lining for the sector. Salmon market: Tight supply and hopeful signs for demand ahead According to Gorjan Nikolik, Senior Global Seafood Specialist for RaboResearch, the salmon market continues to face a tight supply, with prices expected to remain high through the latter half of 2024. Seasonal patterns will influence pricing, but the overall trend suggests that costs will stay above average. Norway and Scotland are poised for a supply recovery, although this remains ...

Source: Fish Focus