Interest in the shrimp business is growing in Ukraine, as domestic demand is not ensured

Published May 31, 2024

Tridge summary

Ukraine is witnessing a surge of interest in shrimp farming due to a high domestic demand that is currently met by imports. The country has leased out plots on the Black Sea coast for up to seven years, allowing individuals to establish small shrimp farms. The first industrial shrimp farm, located in the Tyligul estuary, was shut down during the war but has now resumed auctions for water leasing rights. Both marine white-legged shrimp and freshwater Rosenberg shrimp can be farmed, with the potential for exotic species breeding for sale. These shrimp species adapt well to artificial ponds or aquariums, offering a profitable opportunity for locals.

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

Original content

In Ukraine, business interest in making money from shrimp farms is growing, as domestic demand is currently met by imports. This is reported by Delo.ua. In Ukraine, the demand for shrimp is stable and exceeds the supply. They are purchased by retail chains and restaurants. Bioresources of Ukrainian seas do not provide domestic demand. In 2023, shrimps worth $40.9 million were brought to Ukraine. Shortly before the full-scale war, the first industrial shrimp farm was opened in the Tyligul estuary. The company stopped working because of the war. Since January of this year, Ukraine has allowed auctions for the lease of plots of land on the Black Sea coast. The lease term is up to seven years. At the end of March, the first successful auctions for the right to lease the water area were held. Ukrainians have a chance to open small farms and make money selling crustaceans. For breeding, you can choose marine white-legged shrimp or freshwater Rosenberg shrimp. They grow quickly, are ...

Source: Agropolit