AGP Executive Report
Last update: 7 hours agoNigeria’s Fish Drive: The federal government secured a $200 million World Bank-backed commitment to expand aquaculture, with concessional loans for states aimed at narrowing a 2.2-million-tonne annual fish deficit. Feed Investment: Olam Agri has started a $70 million feed mill in Delta State, including capacity for 300 tonnes of aquafeed a day; the facility is expected to open in 2027. Industry Outlook: Russia’s farmed salmonid output rose sharply, but feed shortages and cautious investors are curbing expansion plans. Salmon Standards: The Soil Association will remove its organic logo from farmed salmon by 2028, saying welfare and environmental progress has fallen short. Shrimp Feed: BioMar opened the first phase of an Ecuador expansion that is set to lift annual production capacity from 300,000 to 410,000 tonnes. Coastal Livelihoods: A year after a wastewater spill devastated parts of Bais Bay in the Philippines, seaweed growers say their livelihoods remain at risk.
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