Sector set for growth

Rabobank’s look ahead to 2024 suggests better days are coming for aquaculture producers, reports Vince McDonagh After a turbulent 2023, the aquaculture industry – and the salmon sector in particular – looks set to rebound next year, according to a report based on input from producers worldwide. What to expect in aquaculture in 2024, the…

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Salmon rides high as shrimp producers struggle, Rabobank says

Salmon will hold on to its position as the most profitable sector in aquaculture through 2024, while shrimp farmers are set to face continuing challenges. That’s the prediction in the latest Global Aquaculture Update from Netherlands-based Rabobank. Subtitled “The new normal”, the forecast for H1 2024 says the global salmon industry will continue to be…

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Nutreco invests in Kingfish Zeeland expansion

NUTRECO announced today that it is investing in the Dutch company Kingfish Zeeland, which produces fish in a land based RAS (recirculating aquaculture system) farm. The funding will enable Kingfish Zeeland, which supplies markets in Europe and the US, to double its current production capacity of 500 tonnes a year, and scale up in the…

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Scottish Salmon Company secures £100m growth package

THE Scottish Salmon Company, recently acquired by the Faroese aquaculture group Bakkafrost, has secured a £100 million refinancing package to help move the business forward over the next five years. In a financial announcement last night it said: ‘The Scottish Salmon Company PLC is pleased to announce that its wholly owned subsidiary, the Scottish Salmon Company…

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‘Redesign’ aquaculture for the future says funder

THE aquaculture industry needs a ‘complete redesign’ if it is to meet a global requirement to triple production by 2050 and feed a growing world population. That is the thinking behind Aqua-Spark, the Netherlands based aquaculture fund that invests in sustainable growth in the sector. Amy Novogratz, speaking on the opening day of the Aquaculture…

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Brexit no deal ‘will push up fish prices’

THE price of popular fish species such as cod and haddock could shoot up by almost 20 per cent if Britain crashes out of the EU without a deal, a leading investment bank warned at the weekend. And among the hardest hit will be the fish and chip shop sector, which is already struggling with…

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