Russia: Is there a development of marine aquaculture in 2024 and what could hinder it?

Published 2024년 10월 14일

Tridge summary

The article highlights the concerns surrounding the halt in quarterly reports on marine aquaculture activities in Russia, indicating a potential slowdown in the sector's growth. Despite achieving a 4.8% increase in aquaculture production in 2023, the rapid 23.5% increase in valuable seafood production raises questions due to the inclusion of non-valuable kelp in the data. The article also points out the high costs and administrative barriers involved in the state environmental assessment for mariculture, leading to a decrease in investment attractiveness and limiting the industry's growth. These challenges, especially in Primorsky Krai, which accounts for 95% of the Far East's mariculture, are preventing the full potential of the industry from being realized.

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

Original content

The Federal Agency for Fisheries (Rosrybolovstvo) and the Government of Primorsky Krai have been publishing quarterly results of marine aquaculture (mariculture) activities on their official websites for several years. However, this practice stopped in 2024. It is quite possible that this indicates a slowdown in the development of mariculture and its stagnation. According to the latest data published on the Rosrybolovstvo website, aquaculture production in the Russian Federation in 2023 reached 402 thousand tons, which is 4.8% higher than in 2022 (383.5 thousand tons). As noted on the Rosrybolovstvo website on March 12, 2024, domestic mariculture farmers produced 84 thousand tons of valuable seafood (oysters, mussels, scallops, sea urchins and others) in 2023, which is 23.5% higher than in 2022. But these figures raise legitimate questions. First. Are all of the 84 thousand tons of farmed seafood valuable? If we look at the data on mariculture published on the Rosrybolovstvo ...

Source: Fishretail