World: Rabobank named the most profitable aquaculture sector in 2024

Published 2024년 1월 20일

Tridge summary

The breeding of salmon species is expected to be a profitable segment in the aquaculture sector this year. There has been a sharp increase in supply on the market for salmon products in the first quarter of the year after a two-year decline, primarily due to the improving situation in the sector in Norway and prospects for the UK, Iceland, and Canada. The market for shrimp is expected to remain unstable, with excess supply, low prices, and weak demand putting pressure on the seafood product.

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Original content

One of the most profitable segments in the aquaculture sector this year may be the breeding of salmon species. The All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE) reported this in its Telegram channel, citing Rabobank analysts. They cited the reason for the sharp increase in supply on the market for these products in the first quarter of this year after an almost two-year decline. Experts noted that this is primarily due to the improving situation in this sector in Norway, as well as great prospects for the UK, Iceland and Canada. In this regard, they also expect prices to decrease, but note that due to the fairly high level of demand, this will happen quite slowly. An improvement in the global supply of fishmeal and normalization of prices can also play a positive role. Russian fishermen set a world record for catching fish Analysts also assessed the situation on the market for another very popular marine species, shrimp. In their opinion, it ...

Source: Rosng