Aquaculture firms in Russia have adapted to Western sanctions that forced a realignment of their supply chains.
Following Russia's invasion of Ukraine, it experienced an exodus of key aquafeed manufacturers that previously supplied the bulk of Russia's aquafeed demand.
Before the war, 95 percent of that feed was coming from three major providers: Denmar-based BioMar, Finland-based Raisio, and Norway-based Skretting. Yet despite an initial shock caused by the pullback of a number of Europe-based aquafeed suppliers, aquaculture producers in Russia have reported their fears of shortages haven't yet materialized.
But Russia's National Feed Union Executive Director Sergey Mikhnyuk said Russia's aquafeed supply chain remains tenuous. During the first eight months of 2022, Russian aquafarmers have only imported 70,000 MT of feed, according to Mikhnyuk. If that dynamic continues ...
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