Supply improvement, increasing demand for Russia

By

Dmitry Fedotov

Published on
May 22, 2012

Recently I came across a Food Outlook published by the Food and Agriculture Organization (FAO), and decided to share some facts with you.?

The document states that the forecast for the second half of 2012 and beginning of 2013 would indicate an improvement in supply and an increasing demand for seafood products.?

What I’d like to highlight in the FAO report is that a strong demand for fish and seafood will stimulate growth of aquaculture production, and ultimately increase demand globally despite a slight drop in consumer demand in traditional markets of southern Europe.?

In general, according to study, total volume of production in the fishing industry in 2012 will grow by 2.1 percent to reach 157.3 million metric tons due to increase of the aquaculture production by 5.8 percent. That will offset a minor decline in production of all aquatic resources.?

Keep your fingers crossed and hope it plays out like this.

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