News - AQUACULTURE / FISH FARMING

In early July the Russian Aquaculture Group of Companies (the "Company") (MOEX: AQUA), the largest Russian company in the commercial fish farming (aquaculture) sector, announced an increase in the volume of the share repurchase program, reports Megafishnet.com.

President Vladimir Putin has signed a federal law that establishes value-added tax benefits for aquaculture, reports Megafishnet.com.

On June 2, 2021, the State Duma adopted in the third reading the draft of the Federal Law " On Amendments to the Federal Law "On Aquaculture (Fish Farming) and Amendments to Certain Legislative Acts of the Russian Federation", reports Megafishnet.com.

The State Duma has successfully completed the second reading of a bill that will set the same 10% VAT rate for live freshwater trout as already charged on sea trout, reports Megafishent.com.

Owners of a major fishing company operating from Murmansk have embarked on a big RAS project to farm rainbow trout in Karelia province in Northwest Russia, reports Megafishnet.com.

"Russian Aquaculture" PJSC (Russia’s largest company in the sector of commercial salmon and trout farming) has announced the exercise of an option to purchase the remaining 60% of an up-to-date plant for primary processing of fish in the Murmansk region, reports Megafishnet.com.

Russia’s Federal Agency for Fishery (FAF) and its territorial divisions have announced plans to conduct auctions for 143 aquaculture sites with a total area of 22 thousand hectares in the near future, reports Megafishnet.com.

The Sub-Commission on Customs Tariff and Non-tariff Regulation, Protective Measures in Foreign Trade has proposed to extend zero rates of import customs duties on trout and salmon fry until December 31, 2024, reports Megafishnet.com.

In 2021, the Russian Salmon LLC, the nation’s second largest producer of Atlantic salmon, has joined the list of exhibitors at SEAFOOD EXPO RUSSIA exhibition, as after the big loss of fish in 2015 the giant is restocking its farms in a big way again, reports Megafishnet.com.

The Board of Directors of Russian Aquaculture Company (RA), the leading salmonids producer, has recommended to the General Meeting of Shareholders to make a decision on the payment of dividends, reports Megafishnet.com.

A marine fish – breeding site off the coast of Sakhalin in the Aniva Bay has been put up for electronic auction, reports Megafishnet.com.

Russia’s Federal Agency for Fishery (FAF) has put up for electronic auctions five large areas for marine culture off the coast of Primorsky Krai province (Capital Vladivostok), reports Megafishnet.com.

The Russian Aquaculture Company (RA), the largest salmon producer operating in the country’s North, is working on possible Atlantic salmon farming in Primorye province (capital Vladivostok) with the final decision to be made later this summer. Another possibility on the agenda has to do with marine culture of scallops and sea cucumbers (the latter known as trepan in the region), reports Megafishnet.com.

Russian Aquaculture PJSC (the “Company”), a major Russian salmon aquaculture company, announces its IFRS financial results for the full year 2020.

The Russian marine culture made a big leap in 2020, reports Megafishnet.com.

Astrakhan scientists developed new compound aquafeeds containing a natural attractant - glasswort (Salicornia genus) that grows in the region, reports Megafishnet.com.

The harvest volume and sales of Russian Aquaculture (Russia’s leading Atlantic salmon farmer) displayed a considerable decrease year-on-year in 2020. This was mainly caused by the shift of the fish slaughtering to 2021 because of the slower growth to marketable weight in the abnormally low water temperatures in the first half of 2020, reports Megafishnet.com...

Russian Salmon LLC, the country’s second largest salmon farmer is back on the market after the big loss of fish due to disease in 2015, reports Megafishnet.com.

According to a report by the Russian fishery head Ilya Shestakov, the nation’s aquaculture has made another big leap to meet the targets set for the sector in the Fishery Complex Development Strategy 2030, reports Megafishnet.com.

The smolt plant to be constructed by the Russian Sea-Aquaculture company has been put on the list of the Arctic Zone’s investment projects entitled to government support, reports Megafishnet.com.

The construction of a selection and breeding center in Karelia (province in Russia’s Northwest) has passed the building site’s preparation phase and it is now set for completion in 2021, reports Megafishnet.com.

Almost 50 thousand tons of aquaculture products are grown in «sea gardens» in Primorye. State support allows enterprises to modernize equipment and increase production capacity, reports Megafishnet.com.

Russia’s first and largest producer of white-legged shrimp (Litopenaeus vannamei) Ellas plans to begin deliveries to Europe and Asia in 2021 as well as to supply stocking material to other regions of the country, reports Megafishnet.com.

Rosimushchestvo, within the framework of the privatization of state property, sold 100% of the shares of the Adler pedigree trout farm. The transaction amount exceeded RUB 539 million with a starting price of 513.4 million rubles. Only two bids were submitted for the auction, with Yug-Businesspartner becoming the winner, reports Megafishnet.com.

Australian red claw crayfish is being prepared for commercial Recirculating Aquaculture Systems aquaculture at Southern Russian areas, reports Megafishnet.com.

The Ministry of the Russian Federation for the Development of the Far East and the Arctic has submitted for discussion a draft government decree that would extend the successful experience of the Russian Far East in the formation and distribution of aquaculture sites to the North Fisheries Basin, reports Megafishnet.com.

In 2020 Russian fish farmers have been able to get relief under the extra protection through subsidized insurance extended to aquaculture as of 1st January 2019, reports Megafishnet.com.

In the first nine months of 2020 Russian salmon and trout farms considerably increased production volumes year-on-year, reports Megafishnet.com.

Marine culture in the Russian Far East has been surging in the last few years still tapping only a fraction of the potential of millions of metric tons in the region, reports Megafishnet.com.

Oyster production in the Krasnodar Territory near Sochi where the Olympic Winter Games 2014 has tripled during the last five years. Now the local farmers harvest ca. 190 metric tons of Black Sea oysters per year.