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Russian Farmed Fish Expected To Double

Economics +1 more

RUSSIA - Production of farmed fish in Rusia is expected to reach 500,000 tons by 2020.

According to Andrei Krainy, Head of the Federal Agency for Fishery, there is an enormous potential for both domestic and export market, through the expansion of the farmed fish sector.

He used Vladivostok as an example, where there are unique Hydrobiological conditions for growing sea cucumber, for which there is a huge global demand.

Growth in farmed fish in Russia, has led to the adoption of federal laws on aquaculture, which Mr Krainy says willbe first heard in March.

The development of these laws will be based on a public-private partnership.