AGP Executive Report
Last update: an hour agoNew Capacity: Abu Dhabi is exploring a land-based aquaculture facility targeting 30,000 tonnes of seafood a year, including grouper, sea bass and shrimp. The project still needs feasibility studies and regulatory approval. Supply Chains: Vietnam’s KLC Seafood has launched a cooperative with more than 120 members to improve traceability and supply of lobster, grouper and other live seafood. Shrimp Markets: Ecuador’s fast-growing shrimp sector is seeking new buyers as production expands, with ProEcuador working to develop demand in the US and other markets. Industry Leadership: Chile’s fisheries and aquaculture watchdog Sernapesca faces an abrupt leadership change, with Maria Soledad Tapia’s departure ending her tenure that began in 2023. Investment: Portuguese venture firm Indico has launched a €125 million fund and is expanding its focus on ocean businesses, while warning that aquaculture requires patient capital. Policy and Welfare: More than 30 EU lawmakers are urging a pre-emptive ban on octopus farming, citing animal-welfare concerns and the risk of added pressure on wild fish stocks used for feed. Farm Innovation: A Japanese startup is commercialising a system that raises trout and strawberries together, using specially formulated fish feed to supply nutrients without added fertiliser.
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