Russia: The salmon industry will remain the most profitable aquaculture sector in 2024

Published 2024년 1월 22일

Tridge summary

Robobank agency predicts high profitability for the salmon industry in 2024 due to an increase in supply and high demand, while the shrimp industry is expected to lose profitability. The forecast anticipates a surge in salmon supply in 2024, mainly from improvements in Norway, Canada, the UK, and Iceland, but not in Chile. In contrast, the shrimp industry experienced tough times in 2023, with falling demand and high production leading to lower prices and high production costs expected to continue in 2024.

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

Original content

Robobank agency analysts predict high profitability for the aquaculture salmon industry in 2024. In the report, analysts indicate that the salmon sector is expecting an increase in supply with consistently high demand. By comparison, the shrimp industry will lose profitability in the coming year. The forecast notes that after salmon supply has declined for two years, supply is expected to explode in 2024. This is mainly due to an improvement in Norway, but Canada, the UK and Iceland are also expected to contribute to overall supply growth. The only exception, according to Rabobank, is Chile. By comparison, analysts noted that 2023 was one of the toughest years in shrimp ...

Source: Fishretail