September 30, 2022
Russia to double farmed salmon output to 250,000 tonnes
The Russian aquaculture industry has been permitted by the agency governing Russian aquaculture to boost farmed salmon output to 250,000 tonnes, more than double the 116,200 tonnes produced in 2020, Fish Information & Services reported.
According to the Russian news outlet Sfera.fm, the target production volume is much less ambitious than the 700,000 tonnes per year suggested in a proposal from the private sector titled "The Strategy for the Development of the Fishing Industry Complex of the Russian Federation by 2030."
In response to Western sanctions that have been in place since February of this year, Russia has stopped receiving imports of farmed salmon. The local salmon farmers are unable to fill the over 72,000 tonnes of salmon that have been left as a result.
But much depends on the development of regional feed sources because Western sanctions have also resulted in a shortage of salmon aquaculture-appropriate fish feed.
Approximately RUB 60 billion (~US$1 billion; RUB 1 = US$0.017) can be invested in the growth of domestic aquaculture, the Russian bank Rosselkhozbank said. The bank predicts that the average annual fish consumption in Russia will be 24 kg per person, according to the news source, which did not provide a timeline.
- Fish Information & Services