World: Salmon farming could become the most profitable aquaculture sector in 2024

Published 2024년 1월 22일

Tridge summary

A Rabobank report predicts an increase in the aquaculture salmon market supply in Q1 2024, largely due to improvements in Norway, and contributions from Canada, the UK, and Iceland. Despite potential price decreases due to increased supply, the impact is expected to be minimal due to high demand. The report also forecasts volatility in the shrimp market, with excess supply, low prices, and weak demand, particularly in China and Europe. A decline in global shrimp production is anticipated, with Asian producers likely to be the most affected.

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

Original content

Analysts predict an increase in supply on the aquaculture salmon market in the first quarter of this year Salmon farming will maintain its position as the most profitable aquaculture sector in 2024, according to a Rabobank report cited by the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE). Analysts predict that in 2024 the salmon market will see positive, if not sharp, growth in supply. “This is mainly due to an improvement in the situation in Norway, but Canada, the UK and Iceland are also expected to contribute to the overall supply growth,” the review said. Under the influence of an increase in supply, prices may decrease, but it will be insignificant, since demand remains at a fairly high level. The shrimp market will continue to be volatile. It will be pressured by excess supply, low prices and weak demand, which will continue to decline in 2024. In particular, experts believe that the increase in domestic production will lead to a ...

Source: Specagro